Q.7. A and B Were Partners in a Firm Sharing Profits in 3:2 Ratio. They Admitted C for 3/7 Share Which He Took 2/7 from a and 1/7 from B. Calculate New Profit Sharing Ratio?
Partner A and B old profit sharing ratio = 3:2
They Partner D’s share =3/7 , He Took 2/7 from a and 1/7 from B
partner’s Sacrificing share
A = 2/7
B = 1/7
Partner’s new share = old share – sacrificing share
A = 3/5 – 2/7
=11/35
B = 2/5 – 1/7
=9/35
Partner profit sharing ratio = 11:9:15
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