Question

M and N were partners in a firm sharing profits and losses in the ratio of 4 : 3.

They admitted O as a new partner. The new profit sharing ratio between M and

N and O was 3 : 2 : 2. M surrendered ¼ of his share in favour of O. Calculate

N’s sacrifice.​

Answer 1

Answer:

sacrifice of N = 3/7 - 2/7 = 1/7

sacrifice of M = 4/7 - 3//7 = 1/7

Answer 2

Answer:

m and m were patterns in a firm sharing profits and kisses in the ratio