question_answer

P, O and R are partners in a firm sharing profits in the ratio of 3 : 2 : 1. S joins the firm. P surrenders \[\frac{1}{4}th\] of his share, Q surrenders \[\frac{1}{3}rd\] of his share and R surrenders \[\frac{1}{5}th\]of his share in favour of S, Find the new profit sharing ratio.

Answer:

New profit sharing ratio of R Q, R and S = 135 : 80 : 48 : 97