X and Y are sharing profits and loses in the ratio of 5:3. Z is admitted and it is decided that the profit sheing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit shring ratio and saceifing ratio
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class 12 question
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Old ratio ( X: Y) = 3 : 2
Z admitted for 1/5 share of profit
X sacrifices in favour of Z = 1/5
New ratio = Old ratio - sacrificing ratio
X's new share = (3/5) - (1/5)
= 2/5
Y's new share = (2/5) - 0
= 2/5
Z's share = 1/5
Therefore, new profit sharing ratio among X, Y and Z is 2 : 2 : 1
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