Question:medium

Atul, Beena, and Sita were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 5. Damini was admitted as a new partner for $\frac{1{5}$ share in the profits, which she acquired entirely from Atul. The new profit-sharing ratio after Damini’s admission will be:}

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When a new partner is admitted, their share is deducted from the contributing partner(s), and the new ratio is calculated accordingly.
  • 7 : 7 : 5 : 1
  • 4 : 7 : 5 : 4
  • 8 : 7 : 5 : 4
  • 7 : 5 : 5 : 4
Show Solution

The Correct Option is A

Solution and Explanation

Atul's total share before Damini's admission was 20 parts (8 + 7 + 5). Damini obtained 1/5 of Atul's share, which is 4 parts (1/5 * 20). Atul's updated share is 7 parts (8 - 4). Beena and Sita's shares remain 7 and 5 parts, respectively. Damini's share is 4 parts. The revised profit-sharing ratio is 7:7:5:1.
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