Ramesh and Suresh are partners in a firm sharing profits in the ratio of 4 : 3. They admitted Mohan as a new partner. The profit sharing ratio of Ramesh, Suresh and Mohan will be 2 : 3 : 1. Choose the correct option with regards to the gain or sacrifice of old partner- |
Ramesh's sacrifice = 10/42 Ramesh's sacrifice = 7/42 Suresh's sacrifice = 3/42 Suresh's sacrifice = 10/42 |
Ramesh's sacrifice = 10/42 |
The correct answer is Option (1) → Ramesh's sacrifice = 10/42 |