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Shiv and Mohan are partners in a firm sharing profits and losses in the ratio 2:1. They admitted ram as a partner for 2/7 share for which 8000 and 4000 are credited as a premium for goodwill to Shiv and Mohan respectively. New profit sharing ratio of Shiv Mohan and ram will be

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Shiv and Mohan are partners in a firm sharing profits and losses in the ratio 2:1. They admitted ram as a partner for 2/7 share for which 8000 and 4000 are credited as a premium for goodwill to Shiv and Mohan respectively. New profit sharing ratio of Shiv Mohan and ram will be


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Let the total share is 1

Remaining share = 1-2/7= 5/7

Sacrificing ratio is 2:1

Shiv new ratio = 2/3 * 5/7 = 10/21

Mohan new ratio= 1/3 * 5/7 = 5/21

Ram share = 2/7 * 3/3 = 6/21

Therefore....

New ratio is 10:5:6     ANS.....
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