Question

Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 1 : 1. On 1st April, 2024, Hari retired and his share was acquired equally by Chander, Prakash and Govind. The new profit sharing ratio of Chander, Prakash and Govind will be:

Options

• 7 : 4 : 4

• 15 : 8 : 7

• 1 : 1 : 1

• 16 : 7 : 7

Answer 1

7 : 4 : 4

Explanation:

Old ratio = 5 : 3 : 1 : 1

Hari's share = `5/10` = `1/2`

Hari's share is acquired equally by Chander, Prakash and Govind:

• Chander = `3/10` + `1/6` = `7/15`
• Prakash = `1/10` + `1/6` = `4/15`
• Govind = `1/10` + `1/6` = `4/15`

Therefore, the new ratio is:

7 : 4 : 4