Question

L and m are partners share profit in the ratio 5:3 they admitted n into the firm for a fourth share in the profit to be contributed equally by l and m
What is the share of n

Answer 1

Answer:

see below

Explanation:

As its mentioned, M and N will be sharing profits in the ratio 5:3. Using cross multiplication it will come to 3/5*3=1.8

5:3:1.8=25:15:9 is the new ratio and sacrifice will be old ratio - new ratio

L= 5/8-25/49 =(245-200)/392=45/392

M=3/8-15/49 = (147-120)/392 = 27/392

sacrifice is 45:27=5:3