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If the new partner's share is 1/3 and he receives it from old partners in the ratio 3:2:1, what is the first partner's sacrifice?

Answer and explanation

Correct answer: 1/6

The governing concept is allocation of the total sacrifice according to the sacrificing ratio. The incoming partner receives 1/3, so the old partners together sacrifice exactly 1/3. Their sacrificing ratio is 3:2:1, with a total of 6 parts. The first partner contributes 3 of those 6 parts, so his sacrifice is (1/3) × (3/6) = 3/18 = 1/6. The second and third partners contribute 1/9 and 1/18 respectively, and these amounts total 1/3. Therefore option A is correct. Option B incorrectly assigns the entire sacrifice to the first partner; C is the second partner's amount, and D is the third partner's amount.

Related tags

Sacrifice AmountSacrificing RatioNew Partner AdmissionNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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