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.

SOLUTION B' s sacrifice = 3 / 8 – 2 / 8 = 1 / 8

Continue ReadingA 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.

A and B were partners in a firm sharing profits and losses in die ratio of 4: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 2. A surrendered 1 / 4 of his share in favour of C. Calculate B*s sacrifice.(C.B.S.E 2017, Delhi)’

SOLUTION A and B were partners in a firm sharing profits and losses in die ratio of 4: 3.

Continue ReadingA and B were partners in a firm sharing profits and losses in die ratio of 4: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 2. A surrendered 1 / 4 of his share in favour of C. Calculate B*s sacrifice.(C.B.S.E 2017, Delhi)’

X and Y are partners sharing profits in fee ratio of 3: 1. They admit Z as a partner. X surrenders l / 3rd of his share and Y l / 4th of his share in favour of Z.  What will be the new profit-sharing ratio?

SOLUTION 8: 3: 5.

Continue ReadingX and Y are partners sharing profits in fee ratio of 3: 1. They admit Z as a partner. X surrenders l / 3rd of his share and Y l / 4th of his share in favour of Z.  What will be the new profit-sharing ratio?