Question

A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrenders 1/15th share of his profit in favour of C and B surrenders 2/15th of his share in favour of C. What is there new ratio and explain how?

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Answer 1

Answer:

A=8/15

B=4/15

C=3/15

Ratio=8:4:3

Explanation :

equation :

New ratio=old ratio-sacrificing ratio

then,

New ratio of A=(3/5)-(1/15)=8/15

B=(2/5)-(2/15)=4/15

C=(1/15)+(2/15)=3/15

i hope it's clear & useful for you