x and y are partners sharing profit and losses in the ratio of 3:2,z is admitted for 1/5 the share in profit which he gets from X new profit sharing ratio will be
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New profit ratio of X : Y : Z = 2:2:3
Explanation:
X and Y share profit and losses in the ratio of 4:3 they admit Z in the firm it 3/7 share which he gets 2/7 from X and 1/7 from C. The new profit sharing ratio will be?
Old ratio = 4:3
Z admitted for 3/7 share of profit
X sacrificing ratio = 2/7
Y sacrificing ratio = 1/7
New ratio = old ratio - sacrificing ratio
X's new ratio = 4/7 - 2/7 = 2/7
Y's new ratio = 3/7 - 1/7 = 2/7
Z share = 3/7
Therefore: X : Y : Z = 2 : 2 : 3
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