Rohit and Mohit are partners in a firm sharing profits in the ratio 5:3 . They admitted Bijoy as a new partner for 1/7 share in the profit. The new pr - Accountancy MCQ CUET Accountancy 2025 30 May Shift 1 2026 | ExamTest.live

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Rohit and Mohit are partners in a firm sharing profits in the ratio 5 : 3 . They admitted Bijoy as a new partner for \frac{1}{7} share in the profit. The new profit sharing ratio will be 4 : 2 : 1 . Calculate the sacrificing ratio of Rohit and Mohit:

Solution & Step-by-step Explanation

The formula for Sacrificing Ratio is: Sacrificing Ratio = Old Share - New Share Old Shares:Rohit = \frac{5}{8} Mohit = \frac{3}{8} New Shares:Rohit = \frac{4}{7} Mohit = \frac{2}{7} Rohit's Sacrifice: \frac{5}{8} - \frac{4}{7} = \frac{35 - 32}{56} = \frac{3}{56} Mohit's Sacrifice: \frac{3}{8} - \frac{2}{7} = \frac{21 - 16}{56} = \frac{5}{56} Comparing the sacrifices, the Sacrificing Ratio between Rohit and Mohit is 3 : 5 .

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Rohit and Mohit are partners in a firm sharing profits in the ratio 5 : 3 . They admitted Bijoy as a new partner for \frac{1}{7} share in the profit. The new profit sharing ratio will be 4 : 2 : 1 . Calculate the sacrificing ratio of Rohit and Mohit:

5:3

3:5

3:4

3:7

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