A and B are partners sharing profits and losses in the ratio of 4 : 3. C is admitted for 1/5th share. A and B decided to share equally in future. Calculate the new ratio and sacrificing ratio

Find out the sacrificing ratio and new ratio in the following cases:

(I) A and B are partners sharing profits and losses in the ratio of 4 : 3. C is admitted for 1/5th share. A and B decided to share equally in future. Calculate the new ratio and sacrificing ratio.

(II) A, B, C and D are in partnership sharing profit and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share, A, B, C and D would in future share profits among themselves as 3/10 : 4/10 : 2/10 and 1/10. Calculate the new profit sharing ratio after E’s admission.

[Ans. (I) New Ratio 2 : 2 : 1; Sacrificing Ratio 6 : 1.]

(II) New Ratio 6 : 8 : 4 : 2 : 5]