Practicing Success
Practicing Success
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| A and B are partners sharing profits and losses in the ratio of 5 : 3. C admitted in firm and brings Rs70,000 as cash and Rs43,000 against Goodwill. The new profit ratio between A, B and C is 7 : 5 : 4. What will be the sacrificing ratio of A and B? |
3:1 1:3 4:5 5:9 |
| 3:1 |
| Sacrifice ratio = Old ratio - New ratio Old ratio = 5 : 3 New ratio = 7 : 5 : 4 A's sacrifice = 5/8-7/16 = 80-56/128 = 24/128 B's sacrifice = 3/8-5/16 = 48-40/128 = 8 /128 Sacrifice ratio = 24:8 i.e. 3 : 1 |
