Question
Accountancy Question on Profit sharing ratio
S and T are partners in a firm sharing profits in the ratio of 3:2. They admit U as a new partner. S surrenders 41 of his share and T surrenders 1/3 of his share in favour of U. Sacrificing ratio of S and T will be:
Choose the correct answer from the options given below:
9:8
1:1
3:2
3:4
9:8
Solution
To find the sacrificing ratio of S and T, we first need to calculate their original profit shares and the shares they surrender. 1. Original Shares: - S's share = 53 (since 3 + 2 = 5) - T's share = 52 2. Shares Surrendered: - S surrenders 41 of his share: S’s surrender=41×53=203 - T surrenders 31 of his share: T’s surrender=31×52=152 3. Finding the Sacrificing Ratio: To find the sacrificing ratio, we need a common denominator. The LCM of 20 and 15 is 60. - Convert S's surrender: 203=609 - Convert T's surrender: 152=608 4. Sacrificing Ratio: The sacrificing ratio of S and T: Sacrificing ratio=T’s surrenderS’s surrender=89=9:8 Thus, the sacrificing ratio of S and T will be 9 : 8.