A and B are partners in a firm sharing profits in the ratio of 2 : 1. They admit C as a new partner for 1/5 share. New Ratio of A and B will be 1 : 2. Sacrificing ratio will be:

- a)Sacrificing ratio 1 : 1
- b)Sacrificing ratio 2 : 1
- c)A’s Sacrifice 6/15 and B’s Gain 3/15
- d)Sacrificing ratio 3 : 5

Correct answer is 'C'. Can you explain this answer?

Related Test: Test: Admission Of A Partner - 1

5 Answers

Rishita Jain
answered
Jan 06, 2020

If we have already new ratio then why we have to find old plzz explain

Svareen
answered
Feb 01, 2020

Calculation of sacrificing ratio of partners:

Old Ratio = 2:1

New Ratio of A and B = 1:2

New Ratio of A, B and C will be : 1 – 1/5 = 4/5

A’s new share = 1/3 × 4/5 = 4/15

B’s new share = 2/3 × 4/5 = 8/15

C’s Share 1/5 OR 3/15

New Ratio 4 : 8: 3

Sacrificing Ratio = A : 2/3 – 4/15= 6/15

B : 1/3 – 8/15 = 3/15 Gain

Old Ratio = 2:1

New Ratio of A and B = 1:2

New Ratio of A, B and C will be : 1 – 1/5 = 4/5

A’s new share = 1/3 × 4/5 = 4/15

B’s new share = 2/3 × 4/5 = 8/15

C’s Share 1/5 OR 3/15

New Ratio 4 : 8: 3

Sacrificing Ratio = A : 2/3 – 4/15= 6/15

B : 1/3 – 8/15 = 3/15 Gain

Swarnim Sharma
answered
Jun 19, 2018

Old profit sharing ratio=2:1 c's share=1/5 New ratio of A and B=1:2 let total profit be 1. Remained profit after c's share=1-1/5=4/5. 4/5 profit will be shared by A and B in their new ratio of 1:2 A's new share=1/3^4/5=4/15. B's new share=2/3^4/5=8/15. A's sacrificing share=old share -new share 2/3-4/15=6/15. B's sacrificing share=1/3-8/15=-3/15(gain). Hence,A will have to sacrifice while B have to gain. Therefore answer for this question will be 'C'.

Manik Sodhi
answered
Jun 19, 2018

Old ratio 2:1 c's share1/5 remaining share1-1/5=4/5 new ratio between a and b 1:2 a's new share1/3Ã—4/5=4/15 b's new share 2/3Ã—4/5=8/15 share sacriced by a =2/3-4/15=6/15 sacrifice by b=1/3-8/15=-3/5=gain3/5

This discussion on A and B are partners in a firm sharing profits in the ratio of 2 : 1. They admit C as a new partner for 1/5 share. New Ratio of A and B will be 1 : 2. Sacrificing ratio will be:a)Sacrificing ratio 1 : 1b)Sacrificing ratio 2 : 1c)A’s Sacrifice 6/15 and B’s Gain 3/15d)Sacrificing ratio 3 : 5Correct answer is 'C'. Can you explain this answer? is done on EduRev Study Group by Commerce Students. The Questions and
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A and B are partners in a firm sharing profits in the ratio of 2 : 1. They admit C as a new partner for 1/5 share. New Ratio of A and B will be 1 : 2. Sacrificing ratio will be:a)Sacrificing ratio 1 : 1b)Sacrificing ratio 2 : 1c)A’s Sacrifice 6/15 and B’s Gain 3/15d)Sacrificing ratio 3 : 5Correct answer is 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest Commerce community, EduRev has the largest solved
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