Question

X and Y are 3:2 partner. Z is admitted and he acquires 1/5 of X's share, 2/5 of Y share. Find New ratio and sacrifice ratio

Answer 1

X and Y are partners in a firm sharing profits and losses in the ratio of 3:2. Z is admitted as partner with 1/4 share in profit. Z acquires his share from X and Y in the ratio of 2:1.

Calculate the new profit sharing ratio.