a and b are partners in a firm sharing profits and losses of 5:3 . they admited c and d as a new partner. a sacrifices 1/2 of his share in favour of c and b sacrifices 1/4 from his share in favour of d. calculate new profit sharing ratio
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Old Ratio of A = 5/8
Old Ratio of B = 3/8
New Ratio of C = (5/8) × 1/2 = 5/16 × 2/2 = 10/32
New Ratio of D = (3/8)× 1/4 = 3/ 32
New Ratio of A = 5/8 - 5/16 = 5/16 × 2/2 = 10/32
New Ratio of B = 3/8 - 3/32 = 9/32
Therefore, new ratio
A:B:C:D = 10:9:10:3
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