Practicing Success
A and B share profits in 3 : 2. They admit C as a new partner and new profit sharing ratio between them becomes 2 : 1 : 2. Determine the sacrificing ratio between A and B. |
1 : 1 3 : 2 2 : 1 1 : 2 |
1 : 1 |
The correct answer is option 1- 1:1. Old ratio = 3:2 (A & B) Sacrifice = old share - new share Sacrifice of B = 2/5 - 1/5 Sacrificing ratio = 1/5 :1/5 |