Sandeep and Navdeep are partners in a firm sharing profits in 5:3 ratio. They admit C into the firm and the new profit sharing ratio was agreed at 4:2:1. Calculate the sacrificing ratio?
Answers
Given : Sandeep and Navdeep are partners in a firm sharing profits in 5:3 ratio. They admit C into the firm and the new profit sharing ratio was agreed at 4:2:1.
Solution :
Old ratio of old partners : Sandeep : Navdeep = 5 : 3
New profit sharing ratio :
Sandeep : Navdeep : Chanu = 4 : 2 : 1
Sacrificing ratio = old ratio - new ratio
Sandeep's sacrifice = ⅝ - 4/7 = (35 - 32)/56 = 3/56
Navdeep's sacrifice = 3/8 - 2/7 = (21 - 16)/56 = 5/56
Sacrificing ratio = 3/56 : 5/56 = 3 : 5
Hence the Sacrificing ratio of Sandeep and Navdeep is 3 : 5.
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