1.

24A and B are partners in a firm, sharing profits in the ratio of 7 5. C is admitted for 1/6th share inprofits of the firm. C acquires 1/24 from A and 1/8 from B. Calculate New Profit Sharing Ratio &Sacrificing Ratio.h shAns: NPSR 13:7:4 SR1:3

Answer»

Let the total profit be Rs. z. Then,

B's share = Rs. 2z/3, A's share = Rs. ( z - 2z/3 ) = Rs. z/3.

A : B = z/3 : 2z/3 = 1:2

Let the total capital be Rs, X and suppose B's money was used for x months. Then.

(1(x) / 4 * 15) / (3x) / 4 * y) = 1/2 <=> y = (15 * 2 / 3) = 10 .

Thus, B's money was used for 10 months.

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