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MCQ
Balaji and Kamalesh are partners sharing profits and losses in the ratio of 2 : 1. They admit Yogesh into partnership. The new profit sharing ratio between Balaji, Kamalesh and Yogesh is agreed to 3 : 1 : 1. Find the sacrificing ratio between Balaji and Kamalesh.
Options
1 : 3
3 : 1
2 : 1
1 : 2
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Solution
1 : 2
Concept: New Profit Sharing Ratio and Sacrificing Ratio
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