Rohit and Mohit are partners in a firm sharing profits in the ratio of 5:3. They admitted Bijoy as a new partner for 1/7th share in the profit. The new profit sharing ratio will be 4:2:1. What will be the sacrificing ratio of Rohit and Mohit? |
3:5 2:5 3:6 4:7 |
3:5 |
The correct answer is Option (1) → 3:5. Old ratio = 5:3 (Rohit and Mohit) Sacrificed share = Old share - New share Sacrificed share of Rohit = 5/8 - 4/7 Sacrificed share of Mohit = 3/8 - 2/7 Sacrificing ratio = 3/56 :5/56 |