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?
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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
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