A and B are partners in a firm sharing profits and losses in the ratio of 3:2 . C is admitted into partnership. A sacrifices 1/3 of his share and B 1/10th from his share in favour of C. Determine the sacrificing ratio and the new profit sharing ratio.
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Answer:
JUST MULTIPLY A'S SHARE WITH HIS SACRIFICING SHARE.
Answer:
Sacrificing ratio = 2:1
New Ratio = 4:3:3