A and B are partners sharing profit and losses in the ratio 3:2. They decided to admit C as a partner for 1/4th share. Find the new ratio and the sacrificing ratio?

A and B are partners sharing profit and losses in the ratio 3:2. They

1.	A and B are partners sharing profit and losses in the ratio 3:2. They decided to admit C as a partner for 1/4th share. Find the new ratio and the sacrificing ratio?
Answer» The new ratio is 3: 3: 2and the sacrificing ratio is9:1. In a partnership business, the ratio of the profits is proportionalto the ratio of the money invested by each partner and the duration for which the money is invested.