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Ramesh and Suresh are partners in a firm sharing profits in the ratio of 4:3. They admitted Mohan as a new partner. The profit sharing ratio of Ramesh, Suresh and Mohan will be 2:3:1. Choose the correct option with regards to the gain or sacrifice of old partner-

Solution

✅ Correct Option: 1

Calculation of Sacrifice or Gain:

Sacrificing/Gaining Ratio = Old Share - New Share


For Ramesh:

Old share = 47\frac{4}{7}

New share = 26=13\frac{2}{6} = \frac{1}{3}

To find the common denominator between 7 and 3 → 21

Old share = 47=1221\frac{4}{7} = \frac{12}{21}

New share = 13=721\frac{1}{3} = \frac{7}{21}

Ramesh's Sacrifice = 1221−721=521=1042\frac{12}{21} - \frac{7}{21} = \frac{5}{21} = \frac{10}{42}

Since the result is positive, Ramesh has sacrificed his share.


For Suresh:

Old share = 37\frac{3}{7}

New share = 36=12\frac{3}{6} = \frac{1}{2}

Common denominator between 7 and 2 → 14

Old share = 37=614\frac{3}{7} = \frac{6}{14}

New share = 12=714\frac{1}{2} = \frac{7}{14}

Suresh's Sacrifice = 614−714=−114=−342\frac{6}{14} - \frac{7}{14} = \frac{-1}{14} = \frac{-3}{42}

Since the result is negative, Suresh has gained (not sacrificed) 342\frac{3}{42} share.


Mohan's share of 16\frac{1}{6} comes from Ramesh's sacrifice only, as Suresh actually increased his profit share.

Correct Option: Option 1 (Ramesh's sacrifice = 10/42)

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