Practicing Success
A and B share profits in the ratio of 3 : 2. They agreed to admit C on the condition that A will sacrifice 3/25th of his share of profit in favour of C and B will sacrifice 1/25th of his profits in favour of C. The new profit sharing ratio will be : |
12:09:04 03:02:04 66:48:11 48:66:11 |
66:48:11 |
A's sacrifice = 3/5 x 3/25 |