Question

x, y and z are partners sharing profits and losses equally. it was decided that in future z will get 1/5 share in profits. calculate the new profits sharing ratio and sacrifice and gain of the partners


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Answer 1

Answer:

Explanation:

Let total share be 1

Renaming share = 1-1/5 = 4/5

X's new share = 4/5*1/2 = 4/10

Y's new share = 4/5*1/2 = 4/10

Z's share = 1/5

New PSR = 4/10:4/10:1/5= 2:2:1

GAIN OF Z = 1/5

SACRIFICE OF X AND Y = OLD RATIO