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Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in favour of Jyoti; the new partner. Calculate new profit-sharing ratio and sacrificing ratio.

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Kabir, Farid and jyoti's  New profit sharing Ratio = 5 : 2 : 3

Sacrificing Ratio

Kabir and farid are sacrificing 2/10 and 1/10 of their share respectively, therefore the sacrificing ratio becomes 2:1.

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