Practicing Success
Umesh and Mahesh are partners in a firm sharing profit in the ratio of 5 : 3. They admit Brijesh as a new partner for 1/7 share in the profit. The new profit sharing ratio is 4 : 2 : 1. What will be sacrificing ratio of Umesh and Mahesh ? |
3 : 4 4 : 2 3 : 5 5 : 3 |
3 : 5 |
The correct answer is option 3- 3 : 5. Old ratio = 5:3 (Umesh and Mahesh) Sacrifice = Old share - New share Sacrifice of Mahesh = 3/8 - 2/7 Sacrificing ratio = 3/56 : 5/56 |