Practicing Success
A and B are partners sharing profits in the ratio of 11:4. C was admitted. A surrendered 1/11th of his share and B surrendered 1/4th of his share in favour of C. The sacrificing ratio will be : |
11:4 1:1 4:11 7:4 |
1:1 |
The correct answer is option 2- 1:1. Old ratio = 11:4 (A & B) Sacrifice of A = 1/11*11/15 Sacrifice of B = 1/4*4/15 Sacrificing Ratio = 1/15 : 1/15 |