A and B share profits in the profits in the ratio of 3:2 They agreed to admit C on the condition that A will sacrifice 3/20th of his share of profit in favour of C and B will sacrifice 1/20th of his profits in favours of C. calculate new of profit sharing ratio
A sacrifice= 3/5*3/20=9/100
B sacrifice=2/5*1/20=2/100
the new
A new=3/5-9/100=51/100
B new=2/5-2/100=38/100
C=9/100+2/100=11/100
New ratio=51:38:11
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New ratio = 51 : 38 : 11
Explanation:
Profit of A and B = 3 and 2
3/20 of A = 9/20
Amount left with A = 51/20
Now, 1/20 of B = 1/10
Amount left with B = 19/10 = 38/10
Profit of C = 9/20 + 1/10
= 11/20
.•. New ratio = 51/20 : 38/20 : 11/20
= 51 : 38 : 11
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