[CBSE] Q 10 DK Goel Admission of a Partner Solutions Class 12 (2024-25)

Here is the solutions of Question number 10 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)

A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit X and Y as new partners. A surrendered 1/3rd of his share in favour of X and B surrendered 1/4th of his share in favour of Y. Calculate the new profit sharing ratio of A, B, X and Y.

[Ans. New Ratio of A, B, X and Y = 4 : 3 : 2 : 1.]

Solution:-