A and B were partners in a firm sharing profits and losses in the ratio of 5:3. They admitted C as a new partner. The new profit sharing ratio between A, B, and C was 3:2:3. A surrendered 1/5th of his share in favour of C. Calculate B's sacrifice.<p></p>

A and B were partners in a firm sharing profits and losses in the ratio of 5:3. They admitted C as a new partner. The new profit sharing ratio between A, B, and C was 3:2:3. A surrendered 1/5th of his share in favour of C. Calculate B's sacrifice.

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Question:

A and B were partners in a firm sharing profits and losses in the ratio of 5:3. They admitted C as a new partner. The new profit sharing ratio between A, B, and C was 3:2:3. A surrendered 1/5th of his share in favour of C. Calculate B's sacrifice.

Solution: