Question

M and N are partners sharing profits and loss in the ratio of 5:3 .O was admitted into firm as partner for 1/6 th shares in the profit. you required to calculate they sacrificing ratio of M:N in the new ratio of M,N,O​

Answer 1

Answer:

5:3.

Explanation:

Solution

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%). 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 M's sacrifice =38−1549=27392,

Thus, sacrificing Ratio of L and M =45392:27392=5:3.