Question

A and B are partners sharing profit in the ratio of 3: 2. A surrender 1/3 of his share and B
surrender 1/2 of his share in favour of C a new partner. Calculate now profit sharing ratio.​

Answer 1

Answer:

Old ratio (A : B) = 3: 2

Sacrificing ratio = Old ratio * suurender share

A's sacrificing ratio = (3/10) * (1/3) = 1/10

B's sacrificing ratio = (2/10) * (1/2) = 1/10

New share = Old share - sacrificing ratio

A's new share = (3/10) - (1/10) = (2/10)

B's new share = (2/10) - (1/10) = (1 /10)

C's share = Sacrificing ratio of A and B

C's share = (1/10) + (1/10) = (2/10)

Therfore, new profit sharing ratio of A : B : C = 2 :1 : 2