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L and M share profits and losses in the ratio of 5:2.They admit N into partnership. The new profit sharing ratio is agreed to be 2:3:3 |
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Answer» ANSWER Old ratio (A and B) = 3 : 2 C is admitted for 1/4 SHARE Let the combined share of A, B and C = 1 Combined share of A and B after C's admission = 1 - C's share = 1 - (1/4) = 3/4 New share : A = (3/4) * (1/2) = 3/8 B = (3/4) * (1/2) = 3/8 C = 1/4 Therefore, A : B : C = 3/8 : 3/8 : 1/4 = 3 : 3 : 2 Sacrificing ratio = Old ratio - New ratio A's SACRIFICE = (3/5) - (3/8) = 9/24 B's sacrifice = (2/5) - (3/8) = 1/24 Therefore, sacrificing ratio of A and b is 9 : 1 Explanation: i hope you understand |
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