Question

10. X and Y share profits and losses in the ratio of 5:3. Z is admitted for
half of which were given by X and remaining share was taken by Z equally from X and Y.
3
th share of profits,
10
Calculate new profit sharing ratio.
Nou nrofit sharing ratio = 4:3:3​

Answer 1

Answer:

X's old share= 3/5

Y's old share= 2/5

Z is admitted as a partner.

X's sacrifice= 3/5 * 1/3

                    = 3/15

Y's sacrifice= 1/10

Therefore, Z's share= 3/15 + 1/10

                                  = 9/30

X's new share=  3/5- 3/15

                        = 6/15

Y's new share= 2/5- 1/10

                       = 3/10

New profit sharing ratio= 4:3:3

Sacrificing ratio= 2:1

Explanation:

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