A and B were partners in a firm sharing profits and losses in the ratio of 5:3. They admitted
C as a new partner. The new profit sharing ratio between A, B and C was 3: 2:3. A
surrendered 1/5 th of his share in favour of C. Calculate B's sacrifice.
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Answer:
2/8 is the sacrifice made by B in favour of C
Explanation:
A surrendered 1/5th of his share = 5/8 * 1*/5 = 1/8
B's Sacrifice = C's share - A's surrender = 3/8 - 1/8 = 2/8
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