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Solution - Admission of a Partner - Sacrifice Ratio and New Ratio

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Question

A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C.

Calculate the new profit sharing ratio of A, B, C and D.

Solution

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Solution for concept: Admission of a Partner - Sacrifice Ratio and New Ratio. For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
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