Question

Choose the appropriate alternative from the given options:
Harit and Leela are partners in firm sharing profits and losses in the ratio of 2 : 3. Yash was admitted as a new partner for 1/5^th share in the profits of the firm. Yash acquires his share from Leela. The new profit sharing ratio of Harit, Leela, and Yash will be :

Options

• 2 : 3: 5

• 2: 2: 1

• 5 : 3: 2

• 3: 5: 1

Answer 1

New Profit sharing ratio is 2: 2: 1,

Hence, the correct answer is 2: 2: 1.

Working Notes: 

Particulars	Harit	Leela	Yash
Old  profit-sharing Ratio	`(2)/(5)`	`(3)/(5)`	-
Sacrificing Ratio	-	`(1)/(5)`	-
New profit sharing Ratio	`(2)/(5)`	`(3)/(5) - (1)/(5) = (2)/(5)`	`(1)/(5)`