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A and B are partners sharing profits in the ratio of 7 : 3. C was admitted. A surrendered 1/7th of his share and B 1/3rd of his share in favour of C. Calculate the sacrificing ratio and the new profit sharing ratios of the partners.

[Ans. Sacrificing Ratio 1 : 1; New Ratio 3 : 1 : 1.]

Anurag Pathak Answered question August 21, 2024
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