A and B are partners sharing profit in the ratio
of 3 : 2. They admit C as a partner by giving him
1/3 share in future profits. The new ratio will be
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Answer:
13:7:10
Explanation:
Old ratio (A and B) = 3 : 2
C is admitted for 1/3th share (Since the question doesn't say they took all the shares from one person we can assume that the shares are taken from A and B equally)
A's sacrifice in favour of C = (1/3) * (1/2) = (1/6)
B's sacrifice in favour of C = (1/3) * (1/2) = (1/6)
New ratio = Old ratio - Sacrificing ratio
A's new ratio = (3/5) - (1/6) = 13/30
B's new share = (2/5) - (1/6) = 7/30
A's new ratio + B's new ratio = 20/30
Therefore C's new share = 10/30
New profit sharing ratio of A, B and C is 13:7:10
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