Sarthaks Test
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A, B and C are partners sharing profits in 2:2:1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio?

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Old Ratio = A : B : C 

= 2 : 2 : 1

\(\frac{2}{5} : \frac{2}{5} : \frac{1}{5}\)

D admits for 1/8 share in new firm, which he takes from A.

Here only A will sacrifice.

New Ratio = Old Ratio − Sacrificing Ratio

New Ratio = A : B : C : D

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