A and B were partners in the 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 were 3:2:2. A surrendered `1/4` th of his share in favour of C. Calculate B’s sacrifice.
B’s share of sacrifice is calculated below.
B's Sacrifice= Old Share - New Share
Video Tutorials For All Subjects
- Admission of a Partner - Sacrifice Ratio and New Ratio