Question

A and B are partners sharing profit and losses in the ratio of 3:2.C is admitted for 1/5th share of profit, which he acquires equally from A and B.The new profit sharing ratio will be -

Answer 1

Answer:

NEW PROFIT SHARING RATIO AMONG A:B:C = 5:3:2

Explanation:

A's sacrifice for C = 1/5*1/2=1/10

B's sacrifice = 1/10

New psr

A = 3/5-1/10=5/10

B = 2/5-1/10=3/10

C = 1/5

New PSR AMONGST A:B:C = 5/10:3/10:1/5=5:3:2