X and Y are partners sharing profits and losses in the ratio of 7:5. They admit Z, a new
partner, who acquires 1/12th from X and 1/6th from Y as his share.
Calculate new profit-sharing ratio and the sacrificing ratio.
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The new ratio is 2:1:1 and sacrificing ratio is 1:2.
GIVEN: X : Y = 7:5 ; Z is admitted
TO FIND: New profit sharing ratio and sacrificing ratio
SOLUTION:
X's Old share =
Y's old share =
Z acquire his share from X =
Z acquire his share from Y =
X's new ratio = -
=
Y's new ratio = -
=
=
Z's ratio = +
=
=
New Ratio of X, Y, and Z = 6:3:3
= 2:1:1
Sacrificing Ratio = Old - New
X = -
=
Y = -
=
Sacrificing ratio is 1:2.
The new ratio is 2:1:1 and sacrificing ratio is 1:2.
PROJECT CODE #SPJ2
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