A & B are partners sharing profits in ratio of 4:3. C joins and the new ratio is 7:4:3. Find out the sacrificing ratio?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 1:2.
The old ratio = 4:3 (A & B)
C admits
The new ratio = 7:4:3 (A, B & C)
Sacrifice share = Old share - New share
The sacrifice of A = 4/7 - 7/14
= (8-7)/14
= 1/14
The sacrifice of B = 3/7 - 4/14
= (6-4)/14
= 2/14
So, sacrificing ratio is 1/14: 2/14 or 1:2