Question

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.

Answer 1

B’s share of sacrifice is calculated below. 

B's Sacrifice= Old Share - New Share 

                   = `3/7-2/7=1/7`