X and Y are partners sharing profits in the ratio of 3:2. Z is admitted as a partner. Calculate sacrificing ratio if the new profit-sharing ratio is 9:7:4.
Options:
03:01
03:02
01:03
09:07
Correct Answer:
03:01
Explanation:
Sacrifice of partner = Old share - New share Old ratio is 3:2 and new ratio is 9:7:4 Sacrifice of X =3/5-9/20 = (12-9)/20 = 3/20 Sacrifice of Y= 2/5-7/20 = (8-7)/20 =1/20 Sacrificing ratio is = 3/20 : 1/20 = 3:1