Question

he ratio of 3 : 2 cher admit C into the fin
A and B are Partners sharing profits in the ratio of 3: 2 they admi
for 3/7 the Profits (which he takes 27 the from A and 1/7 th from B)
600,000 as premium out of his share of 720,000. Goodwill account does
appear in the books of A and B.
​

Answer 1

Answer:

11:9:15

Old ratio (A and B) = 3 : 2

C is admitted for 3/7 th share

A's sacrifice in favour of C = 2/7

B's sacrifice in favour of C = 1/7

New ratio = Old ratio - Sacrificing ratio

A's new ratio = (3/5) - (2/7) = 11/35

B's new share = (2/5) - (1/7) = 9/35

C's share = A's sacrifice + B's sacrifice

= (2/7) + (1/7)

= 3/7 or 15/35

Therefore, new profit sharing ratio of A, B and C is 11 : 9 : 15

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