A and B are partners sharing profit or loss in the ratio of 3 : 2. C is admitted into partnership as a new partner. A sacrifices 1/3 of his share of B sacrifices 1/4 of his share in favour of C. What will be the C’s share in the firm?
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Correct option is
C
5:3:2
Old ratio (A and B) = 3 : 2
C is admitted for 1/5 th share
A's sacrifice in favour of C = (1/5) * (1/2) = (1/10)
B's sacrifice in favour of C = (1/5) * (1/2) = (1/10)
New ratio = Old ratio - Sacrificing ratio
A's new ratio = (3/5) - (1/10) = 5/10 or 1/5
B's new share = (2/5) - (1/10) = 3/10
C's share = A's sacrifice + B's sacrifice
= (1/10) + (1/10)
= 2/10
I hope it helps
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Answer:
Explanation:
Old ratio (A and B) = 3 : 2
Sacrificing ratio = Old ratio * surrender ratio
A's sacrifice = (3/5) * (1/3) = 3/15
B's sacrifice = (2/5) * (1/4) = 2/20
C's share = A's sacrifice + B's sacrifice
= (3/15) + (2/20)
= 1/10
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