From the following particulars, Calculate new profit sharing ratio of the partners:

• Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan died and his share was taken equally by Shiv and Hari.
• P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P died.

[Ans.: New Profit-sharing Ratio – (a) 15 : 13; (b) 4 : 1.]

Solution:-