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Rekha, Sunita and Teena are partners in a firm sharing profits in the
ratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of her
share; Sunita surrenders 1/3rd of her share and Teena surrenders1/5th
of her share in favour of Samiksha. Find the new Profit sharing ratio.
?
ratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of her
share; Sunita surrenders 1/3rd of her share and Teena surrenders1/5th
of her share in favour of Samiksha. Find the new Profit sharing ratio.
?
Most Upvoted Answer
Rekha, Sunita and Teena are partners in a firm sharing profits in ther...
Problem Statement: Rekha, Sunita and Teena are partners in a firm sharing profits in the ratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of her share; Sunita surrenders 1/3rd of her share and Teena surrenders 1/5th of her share in favour of Samiksha. Find the new Profit sharing ratio.
Solution:
To find the new profit sharing ratio, we need to find the new profit sharing ratio after Samiksha joins the firm.
Step 1: Calculate the current profit sharing ratio of Rekha, Sunita and Teena.
Given, Rekha, Sunita and Teena share profits in the ratio of 3:2:1. Therefore, the current profit sharing ratio is:
- Rekha's share = 3/6
- Sunita's share = 2/6
- Teena's share = 1/6
Step 2: Calculate the new share of Rekha, Sunita and Teena.
- Rekha surrenders 1/4th of her share in favour of Samiksha. Therefore, her new share will be (3/6 - 1/4) = 5/12
- Sunita surrenders 1/3rd of her share in favour of Samiksha. Therefore, her new share will be (2/6 - 1/3) = 1/6
- Teena surrenders 1/5th of her share in favour of Samiksha. Therefore, her new share will be (1/6 - 1/5) = 1/30
Step 3: Calculate the new profit sharing ratio.
The new profit sharing ratio will be:
- Rekha's share = 5/12
- Sunita's share = 1/6
- Teena's share = 1/30
- Samiksha's share = (1 - (5/12 + 1/6 + 1/30)) = 1/10
Therefore, the new profit sharing ratio is 5:2:1:1/10.
Conclusion: In conclusion, to find the new profit sharing ratio, we need to calculate the current profit sharing ratio and then calculate the new share of each partner after Samiksha joins the firm. Finally, we can calculate the new profit sharing ratio by adding the new share of each partner.
Solution:
To find the new profit sharing ratio, we need to find the new profit sharing ratio after Samiksha joins the firm.
Step 1: Calculate the current profit sharing ratio of Rekha, Sunita and Teena.
Given, Rekha, Sunita and Teena share profits in the ratio of 3:2:1. Therefore, the current profit sharing ratio is:
- Rekha's share = 3/6
- Sunita's share = 2/6
- Teena's share = 1/6
Step 2: Calculate the new share of Rekha, Sunita and Teena.
- Rekha surrenders 1/4th of her share in favour of Samiksha. Therefore, her new share will be (3/6 - 1/4) = 5/12
- Sunita surrenders 1/3rd of her share in favour of Samiksha. Therefore, her new share will be (2/6 - 1/3) = 1/6
- Teena surrenders 1/5th of her share in favour of Samiksha. Therefore, her new share will be (1/6 - 1/5) = 1/30
Step 3: Calculate the new profit sharing ratio.
The new profit sharing ratio will be:
- Rekha's share = 5/12
- Sunita's share = 1/6
- Teena's share = 1/30
- Samiksha's share = (1 - (5/12 + 1/6 + 1/30)) = 1/10
Therefore, the new profit sharing ratio is 5:2:1:1/10.
Conclusion: In conclusion, to find the new profit sharing ratio, we need to calculate the current profit sharing ratio and then calculate the new share of each partner after Samiksha joins the firm. Finally, we can calculate the new profit sharing ratio by adding the new share of each partner.
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Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.?
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Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.?.
Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.?.
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Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.?, a detailed solution for Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.? has been provided alongside types of Rekha, Sunita and Teena are partners in a firm sharing profits in theratio of 3:2:1. Samiksha joins the firm. Rekha surrenders 1/4th of hershare; Sunita surrenders 1/3rd of her share and Teena surrenders1/5thof her share in favour of Samiksha. Find the new Profit sharing ratio.? theory, EduRev gives you an
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