A and B are partners sharing profits in the ratio of 5:3. They admit C and the new profit sharing ratio is agreed at 4:2:1.The sacrificing ratio will be:
3:5
sacrificing share= old share -new share
A's sacrificing share= 5/8-4/7=3/56
B's sacrificing share= 3/8-2/7=5/56
Sacrificing ratio= 3:5