{"id":46349,"date":"2024-04-15T22:11:04","date_gmt":"2024-04-15T22:11:04","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46349"},"modified":"2024-04-15T22:11:04","modified_gmt":"2024-04-15T22:11:04","slug":"p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/","title":{"rendered":"&#8216;P&#8217; and &#8216;Q&#8217; are partners, sharing profits in the ratio of 8 : 5 respectively. On 1st April 2016, they admitted R into partnership. The new profit sharing ratio among P, Q and R is fixed as 6 : 4 : 3 respectively. The sacrifice ratio of &#8216;P&#8217; will be"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;$$\\frac{2}{{13}}$$&#8221; option2=&#8221;$$\\frac{1}{{13}}$$&#8221; option3=&#8221;$$\\frac{3}{{13}}$$&#8221; option4=&#8221;None of these&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is $\\boxed{\\frac{2}{13}}$.<\/p>\n<p>The sacrifice ratio is the ratio in which the old partners give up their share of profit to the new partner. It is calculated by subtracting the new profit sharing ratio from the old profit sharing ratio. In this case, the old profit sharing ratio is 8:5 and the new profit sharing ratio is 6:4:3. Therefore, the sacrifice ratio of P is $\\frac{8}{13} &#8211; \\frac{6}{13} = \\frac{2}{13}$.<\/p>\n<p>Option A is incorrect because it is the old profit sharing ratio of P. Option B is incorrect because it is the new profit sharing ratio of P. Option C is incorrect because it is the sacrifice ratio of Q.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;$$\\frac{2}{{13}}$$&#8221; option2=&#8221;$$\\frac{1}{{13}}$$&#8221; option3=&#8221;$$\\frac{3}{{13}}$$&#8221; option4=&#8221;None of these&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-46349","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&#039;P&#039; and &#039;Q&#039; are partners, sharing profits in the ratio of 8 : 5 respectively. On 1st April 2016, they admitted R into partnership. The new profit sharing ratio among P, Q and R is fixed as 6 : 4 : 3 respectively. The sacrifice ratio of &#039;P&#039; will be<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;P&#039; and &#039;Q&#039; are partners, sharing profits in the ratio of 8 : 5 respectively. On 1st April 2016, they admitted R into partnership. The new profit sharing ratio among P, Q and R is fixed as 6 : 4 : 3 respectively. The sacrifice ratio of &#039;P&#039; will be\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;$$frac{2}{{13}}$$&#8221; option2=&#8221;$$frac{1}{{13}}$$&#8221; option3=&#8221;$$frac{3}{{13}}$$&#8221; option4=&#8221;None of these&#8221; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:11:04+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"'P' and 'Q' are partners, sharing profits in the ratio of 8 : 5 respectively. On 1st April 2016, they admitted R into partnership. The new profit sharing ratio among P, Q and R is fixed as 6 : 4 : 3 respectively. The sacrifice ratio of 'P' will be","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/","og_locale":"en_US","og_type":"article","og_title":"'P' and 'Q' are partners, sharing profits in the ratio of 8 : 5 respectively. On 1st April 2016, they admitted R into partnership. The new profit sharing ratio among P, Q and R is fixed as 6 : 4 : 3 respectively. The sacrifice ratio of 'P' will be","og_description":"[amp_mcq option1=&#8221;$$frac{2}{{13}}$$&#8221; option2=&#8221;$$frac{1}{{13}}$$&#8221; option3=&#8221;$$frac{3}{{13}}$$&#8221; option4=&#8221;None of these&#8221; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T22:11:04+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/","url":"https:\/\/exam.pscnotes.com\/mcq\/p-and-q-are-partners-sharing-profits-in-the-ratio-of-8-5-respectively-on-1st-april-2016-they-admitted-r-into-partnership-the-new-profit-sharing-ratio-among-p-q-and-r-is-fixed-as-6-4\/","name":"'P' and 'Q' are partners, sharing profits in the ratio of 8 : 5 respectively. 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