SOLUTION
B’ s sacrifice = 3 / 8 – 2 / 8 = 1 / 8
A and B were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 3. A surrendered 2 / 5th of his share in favour of C. Calculate B’ s sacrifice.
- Post category:Accountancy
- Reading time:1 mins read