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A new partner needs (1/4) share. Old partners share in (3:2). If the second partner's new share must remain (1/3), how much will the first partner sacrifice?

Answer and explanation

Correct answer: (1/6)

The second partner's old share was (2/5) and new share is (1/3), so his sacrifice is (1/15). The first sacrifices (1/4-1/15=11/60).

Related tags

Constraint BasedSacrifice CalculationExpertNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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