Question

mohan and madan are partners sharing profit and losses in the ratio of 4:3.they admit murali into partnership. the new profit sharing ratio is agreed at 7:4:3 respectively. find out the sacrifice ratio of old partner.​

Answer 1

Answer:

Correct option is

D

NR 3:1:1, SR 1:1

Old ratio (mohan and madhan) = 7 : 3

Sacrifice ratio of mohan= (7/10) * (1/7) = 1/10

Sacrifice ratio of madan= (3/10) * (1/3) = 1/10

New ratio = Old ratio - Sacrificing ratio

A's new ratio = (7/10) - (1/10) = 6/10

B's new ratio = (3/10) - (1/10) =2/10

C's share = mohan's sacrifice + madan's sacrifice

= (1/10) + (1/10) = (2/10)

New profit sharing ratio = 6 : 2 : 2 or 3 : 1 : 1

Sacrificing ratio of mohanand madan = 1 : 1