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X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z acquires his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

Answer» X's old SHARE= 3/5Y's old share= 2/5Z is admitted for 1/4th shareSacrificing ratio is 2:1Z acquired 2/3 * 1/4 = 2/12 from XZ acquired 1/3 * 1/4 = 1/12 from YHence,X's new ratio= 3/5-2/12= 26/60Y's new ratio= 2/5-1/12= 19/60Z's share= 15/60New PROFIT SHARING ratio= 26:19:15


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