A and B share profits in the ratio of 3 : 2. Z joins the firm with 1/4 th share.
Find out sacrificing ratio.
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Answer:
3:1
Step-by-step explanation:
Calculation of new profit sharing ratio:
Let total profit = 1
C' share = 1/4
Remaining share = 1 - 1/4 = 3/4
A' new share = 3/4 of 3/4 = 9/16
B's new share = 1/4 of 3/4 = 3/16
C's share = 1/4 = 4/16
Th new profit sharing ratio of A, B and C is:
= 9:3:4
A's sacrifice = 3/4 - 9/16 = (12-9)/16 = 3/16
B's sacrifice = 1/4 - 3/16 = (4-3)/16 = 1/16
Sacrificing ratio of A and B = 3:1
Sacrificing ratio of the existing partners is same as their existing ratio.
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