(Partners make Sacrifice in Old Ratio)
A and B are partners sharing profits in the ratio of 3 : 1. C is admitted into partnership for 1/8th of the profits. Calculate sacrificing ratio and new profit-sharing ratio.
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Explanation:
Therefore, the sacrifice made by A and B is in the ratio of 3 : 1. Thus, New Profit-sharing Ratio of A: B : C = 21/32 : 7/32 : 4/32 : 4/32 =21 : 7 : 4.12
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