L and M are partners in a form sharing profits in the ratio of 5 : 2.They admit N and decide that the profit sharing ratio between M and N shall be same as existing between L and M. Calculate new profit sharing ratio and the sacrificing ratio.
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As the ratio of L and M is 5 : 3. Ratio of M and N should be 5 : 3.
Since M's share is 60% of L's share (i.e.,3/×100=60%)(i.e.,3/×100=60%). Thus, N's share is 60% of 3=1.8.
New Ratio of L, M and N =5:3:1.8 or 25:15:9.
Calculation of Sacrificing Ratio:
Share sacrificed=Old Share - New Share
L's sacrifice =58−2549=45392=58-2549=45392 M's sacrifice =38−1549=27392=38-1549=27392,
Thus, sacrificing Ratio of L and M =45392:27392=5:3=45392:27392=5:3.
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