Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

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?

Options:

2:1

4:3

1:2

7:3

Correct Answer:

1:2

Explanation:

The old ratio is 4:3
The new ratio is 7:4:3
The sacrifice of A= 4/7-7/14= 1/14
The sacrifice of B= 3/7-4/14= 2/14
So, sacrificing ratio is 1/14:2/14 or 1:2