Question

Calculate the sacrificing ratio in the following cases:

i) X and Y are partners in a business sharing profits and losses in the ratio of 3:2. They admit a new partner Z with 1/4th share of profits. ii) A and B are partners sharing profits and losses in the ratio of 4:3. They admit

C as a partner. The new profit sharing ratio is to be 3:2:1
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Answer 1

Explanation:

X's old share= 3/5

Y's old share= 2/5

Z is admitted as a partner.

X's sacrifice= 3/5 * 1/3

                   = 3/15

Y's sacrifice= 1/10

Therefore, Z's share= 3/15 + 1/10

                                = 9/30

X's new share=  3/5- 3/15

                        = 6/15

Y's new share= 2/5- 1/10

                    = 3/10

New profit sharing ratio= 4:3:3

Sacrificing ratio= 2:1