P, Q and R share profit and losses in the ratio of 4:3:2 respectively. Q retires...

 

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P, Q and R share profit and losses in the ratio of 4:3:2 respectively. Q retires and P and R decided to share future profits and losses in the ratio of 5:3. Then immediately H is admitted of 3/10 shares of profits half of which was gifted by P and remaining shares was taken by H equally form P and R. Calculate the new profit sharing ratio after H's admission and gain ratio of P and R. P, Q and R share profit and losses in the ratio of 4:3:2 respectively. Q retires and P and R decided to share future profits and losses in the ratio of 5:3. Then immediately H is admitted of 3/10 shares of profits half of which was gifted by P and remaining shares was taken by H equally form P and R. Calculate the new profit sharing ratio after H's admission and gain ratio of P and R.

Answer rating: 100% (QA)

Old ratio P Q and R 4 32 New Ratio P and R 53 Gaining ratio New ratio Old ratio Ps gain 5849 1372 ... View the full answer