Question

2. X and Y were partners

sharing profits in the

ratio of 7:3. Z was admitted for 1/5th share in the profits which he took 75% from X and remaining from Y. Calculate the sacrificing ratio of X and Y.

Answer 1

Explanation:

When the new partner purchases his share ofprofit from the old partners equally : In such cases, the new profit sharing ratio of the oldpartners can be calculated by deducting the sacrifice made by them from their existing share of profit

please follow me

I am a scholarship student

I will solve your question