A and B are partners sharing profits and losses in the ratio
This question was previously asked in
Shift 02/06/2023 3:30 PM - 6:30 PM
A
3:2
B
1:1
C
43:27
D
2:1
Correct Answer
1:1
Detailed Explanation
A and B are partners in the ratio of 3:2. When Z is admitted with a 1/8th share, Z gets 1/16th from A and 1/16th from B.
This means that Z's share comes from A and B in the ratio of 1/16:1/16, which simplifies to 1:1. So, Z's share is equally divided between A and B.
Now, let's calculate the sacrificing ratio for A and B:
For A: A's original share = 3 A's new share = A's original share - Share given to Z = 2 - 1 = 2
For B: B's original share = 2 B's new share = B's original share - Share given to Z = 2 - 1 = 1
So, the sacrificing ratio of A and B is 1:1.
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