James and Kamal are sharing profits and losses ratio 5:3. They admit Sunil as a partner giving him 1/5 share of profits. Find out the sacrificing ratio _________.
A. 1:3
B. 3:1
C. 5:3
D. 3:5
Answer:C
James and Kamal are sharing profits and losses ratio 5:3. They admit Sunil as a partner giving him 1/5 share of profits. Find out the sacrificing ratio _________.
A. 1:3 B. 3:1 C. 5:3 D. 3:5