Question

Venus and David are partners in a firm sharing profits in the ratio of 5:3. They admit Peter as a

new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. Calculate the

sacrificing ratio of Venus and David.

a) 3 : 5 b) 5 : 3 c) Only Venus sacrifices d) Only David sacrifices​

Answer 1

Answer:

ratio will be 4:2:1. Calculate the

sacrificing ratio of Venus and David.