Rajan and Mukul are partners sharing profits and losses in the ratio of 4: 1. They admit Mayank and decide that the profit-sharing ratio between Mukul and Mayank be the same as existing between Rajan and Mukul
Rajan and Mukul are partners sharing profits and losses in the ratio of 4: 1. They admit Mayank and decide that the profit-sharing ratio between Mukul and Mayank be the same as existing between Rajan and Mukul.
Calculate the New Profit-sharing Ratio and the Sacrificing Ratio.
[Ans.: New Profit-sharing Ratio—16 : 4 : 1; Sacrificing Ratio-4:1.]
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