A and B are partners sharing profit in the ratio of 5 : 3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio and the sacrificing ratio
A and B are partners sharing profit in the ratio of 5 : 3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio and the sacrificing ratio.
[Ans. New Ratio = 15 : 9 : 8, Sacrificing ratio = 5 : 3.]
Anurag Pathak Answered question August 21, 2024