X and Y were partners in a firm sharing profits and losses in the ratio of 2:1 they admitted Z, as a new partner for 25% share in profits calculate tha new profit sharing ratio of X, Y, and Z.
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X's old share= 3/5
Y's old share= 2/5
Z is admitted as a partner.
X's sacrifice= 3/5 * 1/3
= 3/15
Y's sacrifice= 1/10
Therefore, Z's share= 3/15 + 1/10
= 9/30
X's new share= 3/5- 3/15
= 6/15
Y's new share= 2/5- 1/10
= 3/10
New profit sharing ratio= 4:3:3
Sacrificing ratio= 2:1
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