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A new partner receives 1/6 of the total profit share from the old partners, who sacrifice in the ratio 1:2. What is the sacrificing share of the second old partner?

Answer and explanation

Correct answer: 1/9

The second old partner's fraction of the total sacrifice is 2/(1+2) = 2/3. Their sacrificing share is therefore 1/6 × 2/3 = 2/18 = 1/9, so option B is correct.

Related tags

Admission Of A PartnerSacrificing RatioProfit-Sharing ShareNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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