Ownclasses

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 fifthth of his share in favour of C. Calculate B's sacrifice.

Answer

B's Sacrifice = Old Share - New Share
B's Sacrifice = 3 over 8 minus 2 over 8
B's Sacrifice = 1 over 8