X, Y & Z are partners in a partnership firm sharing profit and losses in ratio of 5:4:1. Calculate sacrificing ratio if Z acquires 1/5th share, equally from X and Y.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- 1:1
Z acquire 1/5th share equally means
1/5*1/2 = 1/10 from X and 1/10 from Y.
So, sacrificing ratio is 1/10 : 1/10 means 1:1