X and Y are sharing profits and losses in the ratio of 5 : 3. Z is admitted and it is
decided that the protit sharing ratio between Y and Z shall be the same as
existing
between X and Y. Calculate the new profit sharing ratio and the sacrificing ratio.
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Answer:
For X = 1/3 - 5/10
= 10 - 15
30
= - 5/30 Sacrificing Ratio
For Y = 1/3 - 3/10
= 10 - 9
30
= 1/30 Gaining Ratio
For Z = 1/3 - 2/10
= 10- 6
30
= 4/30 Gaining Ratio
Explanation:
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