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Old partners' shares are (1/2,1/3,1/6). A new partner gets (1/5) share from the first and third partners in (3:1). What is the new ratio?

Answer and explanation

Correct answer: (7:8:3:6)

The total sacrifice is (1/5). The first sacrifices (3/20) and the third sacrifices (1/20). The new shares are (7/20,1/3,7/60,1/5) giving (21:20:7:12).

Related tags

Selective SacrificeOld SharesExpert NumericalNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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