Question

# A & B are partners sharing profits in the ratio $$5:3$$, they admitted C giving him $$3/10$$th share of profit. If C acquires $$1/5$$ from A and $$1/10$$th from B, new profit sharing ratio will be _________.

A
5:6:3
B
2:4:6
C
18:24:38
D
17:11:12

Solution

## The correct option is D $$17:11:12$$Old ratio (A and B) = 5 : 3C is admitted for 3/10th share of profitA's sacrifice in favour of C = 1/5B's sacrifice in favour of C = 1/10New ratio = Old ratio - Sacrifcing ratioA's new ratio = (5/8) - (1/5) = 17/40B's new ratio = (3/8) - (1/10) = 11/40C's share = 3/10 or 12/40Therefore, new profit sharing ratio of A : B : C is 17 : 11 : 12Accountancy

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