Question

A and B share profit in the ratio 3:2. They agreed to admit C on condition that A will sacrifice 3/20 of his share of profit in favour of C and B will sacrifice 1/20 of his profit in favour of C. Calculate new profit sharing ratio.​

Answer 1

Answer:

The Profit Sharing Ratio is 51:38:11

Explanation:

• A's sacrificing ratio = 3/5*3/20 = 9/100
• A's new ratio = 3/5 - 9/100 = 51/100
• B's sacrificing ratio = 2/5 *1/20= 2/100
• B's new ratio = 2/5 - 2/100 = 38/100
• C's ratio = 11/100

Answer 2

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