X and Y are partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrenderd 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X,Y,P and Q.
`{:(,,A,B),((i),"Their old share",5//8,3//8),((ii),"Share gifted by A",3//10xx1//2=3//20,...),((iii),"Share acquired by C ,3//20xx1//2=3//40,3//20xx1//2=3//40):}`
New share of A =Old share-Share gifted -Share acquired by C
`=(5)/(8)-(3)/(20)-(3)/(40)=(25-6-3)/(40)=(16)/(40)`
New share of `B=(3)/(8)-(3)/(40)=(15-3)/(40)=(12)/(40)`
Thus, New Prfit-sharing Ration...