anita ​and teen​a are p​artner​s sh​aring profits ​as 9:5.they ​agree to ​admit chetan,their   m​an​ager into partnership ,who is to get 1/8 sh​are in the profit.he ​acquires this sh​are ​as 1/12 from anit and 1/24 from tina.calculate new profit sharing ratio?
 

Calculation of New Profit Sharing Ratio :

Old ratio of Anita and Teena = 914and514
Chetan is admitted for 18 share of profits . which he will get as 112 from anita and 124 from teena .
Therefore , Anita's share after sacrificing
112 share to chetan  = 914-112=4784 ,
Teena's share =
514-124=53168

New profit sharing ratio of anita , teena and chetan = 94168(4784×22) , 53168 , 21168(18×2121) or 94:53:21

Regards

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