and are partners in a firm sharing profits in the ratio of . They admit as a new partner for th share in the profits. The new profit sharing ratio will be . The sacrificing ratio of and is
and are partners in a firm sharing profits in the ratio of . They admit as a new partner for th share in the profits. The new profit sharing ratio will be . The sacrificing ratio of and is
Solution
We need to find how much and each gave up (sacrificed) from their original shares to make room for .
and share profits in the ratio
Total parts
's original share
's original share
π‘ We convert ratios to fractions to see what portion of the total profit each partner gets.
The new ratio is
Total parts
's new share
's new share
's new share
Sacrifice Original Share New Share
's sacrifice:
To subtract, we need a common denominator (LCM of and ):
's sacrifice:
Sacrificing Ratio 's sacrifice 's sacrifice
Since denominators are the same:
π‘ sacrificed less ( parts) and sacrificed more ( parts) to bring in .
The sacrificing ratio of and is
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