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S, B and j were partners in a firm. T was admitted as a partner in the partnership firm for l/5th share of profits. Calculate the sacrificing ratio of S, B and j. (C.B.S.E. 2019)

SOLUTION

Sacrificing Ratio of S, B and j is 1: 1: 1.
Note: Unless agreed otherwise sacrificing ratio of old partners will be the same as their old profit-sharing ratio.


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