A and B are partners sharing profits in the ratio 4 : 3. They admit C as a partner. C gets 25% of A's share and 1/3rd from B. Calculate new profit sharing ratio. |
4 : 3 : 1 10 : 2 : 9 9 : 2 : 10 2 : 10 : 9 |
9 : 2 : 10 |
The correct answer is Option (3) - 9 : 2 : 10. Old ratio = 4:3 A's sacrifice = 25% share B's sacrifice = 1/3 C's share = 1/7 + 1/3 A's new share = 4/7 - 1/7 B's new share = 3/7 - 1/3 New ratio = 3/7 : 2/21 : 10/21 |