Question

X and Y are partners sharing profits and losses in the ratio of 7:3. Z was admitted as a partner. X surrendered 1/7 share of his share and y 1/3 of his share in favour of Z. Calculate new ratio

Answer 1

126/210:42/210:42/210

126:42:42

X:Y:Z

Answer 2

X's old share=7/10

X surrender in favour of z=7/10*1/7=1/10

Y's old share=3/10

Y surrender in favour of z=3/10*1/3=1/3

X