A and B are partners sharing profits in the ratio of 7 : 3. C is admitted as a new partner."A" gave 1/7th of his share and "B" gave 1/3rd of his share to C. Calculate New Profit-sharing Ratio
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A's sacrificing ratio=1/7*7/10 =7/70
B's sacrificing ratio=1/3*3/10 =3/30
A's new share =7/10-7/70 =49-7/70 =42/70 or126/210
B's new share =3/10-3/30=9-3/30=6/30 or 42/210
C's new share =7/70+3/30=42/210
New profit sharing ratio = 126:42:42
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