07:04
07:03
05:02
05:03
Answer is Right!
Answer is Wrong!
The correct answer is A. 7 : 4.
The sacrificing ratio is the ratio in which the old partners agree to sacrifice their share of the profits in order to admit a new partner. In this case, A and B agree to sacrifice 1/7 and 1/4 of their original shares, respectively, in order to admit C as a partner. Therefore, the sacrificing ratio is 7 : 4.
Here is a step-by-step solution:
- Calculate the total number of shares in the new partnership: 4 + 3 + 2 = 9
- Calculate the new share of each partner: A = 3/9 = 1/3, B = 2/9 = 2/9, C = 4/9 = 4/9
- Calculate the old share of each partner: A = 3/5, B = 2/5
- Calculate the amount of sacrifice for each partner: A = (1/3 – 3/5) = 2/15, B = (2/9 – 2/5) = 2/45
- Calculate the sacrificing ratio: A : B = 2/15 : 2/45 = 7 : 4
I hope this helps!