Question

X,y are partners in a firm sharing profits and losses in the ratio of 9:6.A new partner who gets 1/5th share. Calculate the new profit sharing ratio in each of the following cases: if z acquires his share from x,y in their profit sharing ratio.

Answer 1

Answer:

therefore new profit sharing ratio of partners are 36:24:15 = 12:8:5

and sacrificing ratio between X and y = 9:6 = 3:2