Jiten and Rajiv are partners sharing profits in the ratio of

1 :- Jiten and Rajiv are partners sharing profits in the ratio of 3:2. They admit Bikram as a partner for 1/5th profit share.
Determine the profit sharing ratio after admission of Bikram.

Solution:- Let the total share of the firm be 1
Bikram admitted for 1/5th share
Remaining share for Jiten and Rajiv is 1 – 1/5 = 4/5
Jiten’s new share = 4/5 x 3/5 = 12/25
Rajiv’s new share = 4/5 x 2/5 = 8/25
Bikram’s share = 1/5 x 5/5 = 5/25
New profit sharing ratio of Jiten, Rajiv and Bikram is 12:8:5