Question

A and B are partners sharing profit in 3:2 ratio. they admit C as new partner for 1/5th share. C get his share from old partners equal. calculate the New profit and loss sharing ratio of all partners?

Answer 1

Answer: new Psr = 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