A, B and C are partners sharing profits in 2:2:1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio?
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A=2/5-38/120=48-38/120=10/120.
B=2/5-38/130=48-38/120=10/120.
sacrifice ration=10/120:10/120
or
Explanation:
10:10 or 1:1
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