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Rao and Swami are partners in a firm sha...

Rao and Swami are partners in a firm sharing profits and losses in 3:2 ratio. They admit Ravi as a new partner for `1//8` share in the profits. The new profit sharing ratio between Rao and Swami is 4:3. Calculate new profit sharing ratio and sacrificing ratio?

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The correct Answer is:
New Profit Ratio 4:3:1 and Sacrificing ratio 4:1
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New Profit Sharing Ratio

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NCERT-RECONSTITUTION OF A PARTNERSHIP FIRMADMISSION OF A PARTNER -Numerical Questions
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