Question

A and B were partners in a firm sharing profits and losses in the 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.

Answer 1

B’s share of sacrifice is calculated below.

B's Sacrifice= Old Share -New Share 

=`3/7-2/7=1/7`