One more interesting question is given below: A and B are partners. A's ratio is twice the ratio of B. They admitted C as partner who will get half of A's share and 1/4th of B's share. Find out partners new profit sharing ratio after admission of C.
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Explanation:
When the new partner purchases his share of profit from the old partners equally : In such cases, the new profit sharing ratio of the old partners can be calculated by deducting the sacrifice made by them from their existing share of profit.
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