A and B are partners sharing profit and losses in the ratio of 5:3. They admit ‘C’ as a partner. ‘C’ acquires his share 4/20 from A and 2/20 from ‘B’. Find out the new profit sharing ratio and sacrificing ratio
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Correct option is
D
17:11:12
Old ratio (A : B) = 5 : 3
C admits for 3/10 share
A sacrifices in favour of C = 1/5
B sacrifices in favour of C = 1/10
New ratio = Old ratio - sacrificing ratio
A's new share = (5/8) - (1/5) = 17/40
B's new share = (3/8) - (1/10) = 22/80 or 11/40
C's share = 3/10 or 12/40
Therefore, new share of A, b and C is 17 : 11 : 12
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