Question

Vimala and Kamala are partners, sharing profits and losses in the ratio of 4 : 3. Vinitha enters into the partnership and she acquires 1/14 from Vimala and 1/14 from Kamala. Find out the new profit sharing ratio and sacrificing ratio.

Answer 1

New Profit Sharing Ratio = Old Ratio – Sacrificing Ratio

Vimala = `4/7 - 1/14 = (8 - 1)/14 = 7/14`

Kamala = `3/7 - 1/14 = (6 - 1)/14 = 5/14`

Vinitha = `1/14 + 1/14 = 2/14`

New Profit Sharing Ratio = 7 : 5 : 2

Sacrificing Ratio = 1 : 1