R and S are partners in a firm sharing profits in the ratio of 5:3. They admitted B as a new partner for 1/7th share in the profit. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of R and S is: |
3:4 1:1 3:5 4:5 |
3:5 |
The correct answer is option 3- 3:5. Old ratio = 5:3 (R & S) Sacrificed share = Old share - New share Sacrifice of R = 5/8 - 4/7 Sacrifice of S = 3/8 - 2/7 Sacrificing ratio = 3/56 :5/56 |