Question:
Vishesh, Manik and Amit were partners in the ratio 5 : 4 : 1. Amit retired on 31st March, 2024. Vishesh and Manik decided to share Amit’s share in the ratio 2 : 3. What will be the new profit sharing ratio between Vishesh and Manik?
Vishesh, Manik and Amit were partners in the ratio 5 : 4 : 1. Amit retired on 31st March, 2024. Vishesh and Manik decided to share Amit’s share in the ratio 2 : 3. What will be the new profit sharing ratio between Vishesh and Manik?
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To compute new ratio after retirement, add the gained portion to the old ratio of continuing partners.
Updated On: Jul 4, 2025
- 5 : 4
- 2 : 3
- 1 : 1
- 27 : 23
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The Correct Option is D
Solution and Explanation
Step 1: Amit’s share = 1/10
Vishesh gains 2/5 of Amit’s share = 2/5 × 1/10 = 1/25
Manik gains 3/5 of Amit’s share = 3/5 × 1/10 = 3/50 New share:
Vishesh = 5/10 + 1/25 = (25 + 2)/50 = 27/50
Manik = 4/10 + 3/50 = (20 + 3)/50 = 23/50
New Ratio = 27 : 23
Vishesh gains 2/5 of Amit’s share = 2/5 × 1/10 = 1/25
Manik gains 3/5 of Amit’s share = 3/5 × 1/10 = 3/50 New share:
Vishesh = 5/10 + 1/25 = (25 + 2)/50 = 27/50
Manik = 4/10 + 3/50 = (20 + 3)/50 = 23/50
New Ratio = 27 : 23
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