X and Y are partners sharing profits in 5:3 ratio admitted Z for 1/10 share which he acquired equally for X and Y. Calculate new profit sharing ratio?

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Solution

Z admits for share in the new firm.

X and Y each sacrifice =

New Ratio = Old Ratio − Sacrificing Ratio

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X and Y are partners sharing profits in 5:3 ratio admitted Z for 1/10 share which he acquired equally for X and Y. Calculate new profit sharing ratio?

Z admits for share in the new firm. X and Y each sacrifice = New Ratio = Old Ratio − Sacrificing Ratio

Z admits for share in the new firm.

X and Y each sacrifice =

New Ratio = Old Ratio − Sacrificing Ratio