A and B are partners sharing profits in the ratio of 7:3. A surrenders 1/7th of his share and B surrenders 1/3rd of his share in favour C the new partner. The sacrificing ratio will be:
A. 3:7
B. 1:1
C. 7:3
D. 3:2
Answer:B
A and B are partners sharing profits in the ratio of 7:3. A surrenders 1/7th of his share and B surrenders 1/3rd of his share in favour C the new partner. The sacrificing ratio will be:
A. 3:7 B. 1:1 C. 7:3 D. 3:2