At the admission of C, A and B were sharing profits in the ratio 3:2. The new ratio is 4:3:2. Calculate their sacrificing ratio.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 7:3.
Old ratio between A & B = 3:2
C admits
New ratio between A, B & C = 4:3:2
Sacrificed share = Old share - New share
A sacrifice = 3/5 – 4/9
= (27-20)/45
= 7/45
B sacrifice = 2/5 – 3/9
= (18 – 15)/45
= 3/45
Sacrificing ratio = 7/45 : 3/45
= 7:3