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The old ratio is 3:2. The new partner takes 1/10 share from the first partner and 1/5 share from the second partner. What is the new ratio?

Answer and explanation

Correct answer: 5:2:3

The governing rule is that each old partner’s new share equals the old share minus the amount sacrificed, and the incoming partner’s share equals the total sacrifice. From the old ratio 3:2, the first partner’s old share is 3/5 and the second partner’s old share is 2/5. The first retains 3/5 − 1/10 = 6/10 − 1/10 = 1/2. The second retains 2/5 − 1/5 = 1/5. The new partner receives 1/10 + 1/5 = 1/10 + 2/10 = 3/10. Therefore the new shares are 1/2, 1/5 and 3/10. Multiplying each by 10 gives 5:2:3, so option A is correct. Their total is 10/10, confirming that no share has been omitted.

Related tags

Specific-SacrificeNew-RatioPartnership-FractionsNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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