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AA and BB are partners in a firm sharing profits in the ratio of 5:35:3. They admit CC as a new partner for 17\frac{1}{7}th share in the profits. The new profit sharing ratio will be 4:2:14:2:1. The sacrificing ratio of AA and BB is

Solution

βœ… Correct Option: 3

We need to find how much AA and BB each gave up (sacrificed) from their original shares to make room for CC.


AA and BB share profits in the ratio 5:35:3

Total parts =5+3=8= 5 + 3 = 8

AA's original share =58= \frac{5}{8}

BB's original share =38= \frac{3}{8}

πŸ’‘ We convert ratios to fractions to see what portion of the total profit each partner gets.


The new ratio is 4:2:14:2:1 (A:B:C)(A:B:C)

Total parts =4+2+1=7= 4 + 2 + 1 = 7

AA's new share =47= \frac{4}{7}

BB's new share =27= \frac{2}{7}

CC's new share =17= \frac{1}{7}


Sacrifice == Original Share βˆ’- New Share

AA's sacrifice:

=58βˆ’47= \frac{5}{8} - \frac{4}{7}

To subtract, we need a common denominator (LCM of 88 and 7=567 = 56):

=5Γ—756βˆ’4Γ—856=3556βˆ’3256=356= \frac{5 \times 7}{56} - \frac{4 \times 8}{56} = \frac{35}{56} - \frac{32}{56} = \frac{3}{56}

BB's sacrifice:

=38βˆ’27= \frac{3}{8} - \frac{2}{7}

=3Γ—756βˆ’2Γ—856=2156βˆ’1656=556= \frac{3 \times 7}{56} - \frac{2 \times 8}{56} = \frac{21}{56} - \frac{16}{56} = \frac{5}{56}


Sacrificing Ratio =A= A's sacrifice :B: B's sacrifice

=356:556= \frac{3}{56} : \frac{5}{56}

Since denominators are the same:

=3:5= 3:5


πŸ’‘ AA sacrificed less (33 parts) and BB sacrificed more (55 parts) to bring in CC.

The sacrificing ratio of AA and BB is 3:53:5

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