Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir
Channel: Doubtnut
Date: 2020-03-29

Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in fovour of Jyoti, the new partner. Calculate new profit-sharing ratio and sacring ratio and sacrificing ratio.