Question

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.

Answer 1

Answer:

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.