Rohit and Mohit are partners in a firm sharing profits in the ratio 5:3. They admit Bijoy as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of Rohit and Mohit will be:
A
5:3
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B
3:5
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C
4:2
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D
2:1
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Solution
The correct option is C 3:5 Rohit's old share = 5/8
Rohit's new share = 4/7
Rohit's sacrifice = 5/8 - 4/7 = 3/56
Mohit's old share = 3/8
Mohit's new share = 2/7
Mohit's sacrifice = 3/8 - 2/7 = 5/56
Sacrificing ratio among Rohit and Mohit will be 3:5.