Question

5. X and Y are partners in a firm sharing profits and losses in the ratio of 3:2. They admit Z' into the partnership, 'X' agrees to surrender 1/2nd of his share and Y' agrees to surrender 1/4th of his share in favour of 'Z'. Calculate the sacrifice ratio
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Answer 1

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★ Explanation ★

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