Saraswati and laxmi are partners in a firm sharing profit in ratio og ...
12:4:5 is the answer
convert 4/5 and 1/5 in equal denominators of 20
so 16/20 and 4/20
now 1/4th share is 5/20 share which will be deducted from geeta ie 16/20
so new ratio is 12/20,4/20 and 5/20
here sita has no loss
Saraswati and laxmi are partners in a firm sharing profit in ratio og ...
Calculation of Profit Sharing Ratio:
Given Information:
- Saraswati and Laxmi are partners sharing profit in a ratio of 4:1.
- Parwati is admitted as a new partner for 1/4th share in future profits, acquired wholly from Saraswati.
Calculation:
1. Initial Profit Sharing Ratio between Saraswati and Laxmi:
- Saraswati's share = 4x
- Laxmi's share = x
2. Total initial profit sharing ratio = 4x + x = 5x
- Saraswati's share = 4/5 * 100% = 80%
- Laxmi's share = 1/5 * 100% = 20%
3. Parwati's share in future profits = 1/4
- Parwati's share = 25%
4. Since Parwati acquired her share from Saraswati, Saraswati's share decreases by 25%.
- Saraswati's new share = 80% - 25% = 55%
- Laxmi's share remains the same at 20%.
Final Profit Sharing Ratio:
- Saraswati : Laxmi : Parwati
- 55% : 20% : 25%
- Simplifying the ratio:
- 55/5 : 20/5 : 25/5
- 11 : 4 : 5
Therefore, the profit sharing ratio of Saraswati, Laxmi, and Parwati after the admission of Parwati as a new partner is 11:4:5.