A and B are partners sharing profits and losses in the ratio of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B, The new profit sharing ratio will be :

13:07:04

Sacrifice of A=1/24
Sacrifice of B=1/8
A's new share=7/12-1/24 = 13/24
B's New Share=5/12-1/8 = 7/24
C's share= 1/6 or 4/24
New profit sharing ratio =13:7:4