A and B are partners sharing profits in the ratio 11:4. C was admitted. A surrendered 1/11th of his share and B 1/4th of his share in favour of C. The sacrifising ratio will be
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Answer:
Both A & B will sacrifice equally i.e., 1:1
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"22/33, 4/20"
Explanation:
A's old share = 11/15; A surrender in favour of C = 11/15 x 1/11 = 11/165
A's new share = 11/15 - 11/165 = 121-11/165 = 110/165
B's old share = 4/15; B surrender in favour of C = 4/15 x 1/4 = 4/60
B's new share = 4/15 - 4/60 = 16-4/60 = 12/60
Sacrificing Ratio of A = 110/165 = 22/33
Sacrificing Ratio of B = 12/60 = 4/20
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