Adesh and Bhadresh are partners sharing profits and losses in the ratio of 3 ∶ 2. Chandresh is admitted for 20% of share in profits out of which half of the share was gifted by Adesh and remaining was acquired by Chandresh from Adesh and Bhadresh in equal proportion. What would be new profit-sharing ratio?
None of the above
In this problem, Adesh and Bhadresh are partners who decide to admit a new partner, Chandresh. When a new partner is admitted, the existing profit-sharing ratio among the old partners changes because the new partner will also share in the profits.
We are given the old profit-sharing ratio between Adesh and Bhadresh and details about how Chandresh acquires his share. We need to calculate the new profit-sharing ratio among Adesh, Bhadresh, and Chandresh.
Adesh and Bhadresh share profits and losses in the ratio of 3 ∶ 2.
Chandresh is admitted for a 20% share of the profits.
This $\frac{1}{5}$ share is acquired in a specific way:
Half of Chandresh's share is gifted by Adesh.
This $\frac{1}{10}$ is Adesh's direct sacrifice.
The remaining share is acquired from Adesh and Bhadresh equally.
This remaining $\frac{1}{10}$ share is acquired equally from Adesh and Bhadresh.
The total sacrifice made by each old partner is the amount of their share given up for the new partner.
The new share of each old partner will be their old share minus their sacrifice.
Chandresh's share is already known:
To express the new ratio, we need a common denominator for all shares (20).
The new profit-sharing ratio is the ratio of these new shares:
Adesh ∶ Bhadresh ∶ Chandresh = $\frac{9}{20} : \frac{7}{20} : \frac{4}{20}$
Multiplying by the common denominator (20) gives the ratio:
9 ∶ 7 ∶ 4
Let's compare our calculated new profit-sharing ratio (9 ∶ 7 ∶ 4) with the given options:
| Option | Ratio | Matches Calculation? |
|---|---|---|
| 1 | 12 ∶ 8 ∶ 5 | No |
| 2 | 9 ∶ 7 ∶ 5 | No (Chandresh's share is 4, not 5) |
| 3 | 12 ∶ 9 ∶ 4 | No |
| 4 | More than one of the above | No (Only one ratio was calculated) |
| 5 | None of the above | Yes (Our calculated ratio 9 ∶ 7 ∶ 4 is not listed) |
The calculated new profit-sharing ratio of 9 ∶ 7 ∶ 4 does not match any of the first three options. Therefore, the correct choice is that none of the provided options is correct.
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