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Ashish and Rijul are partners in a business sharing profits and losses in the ratio of 7:3 respectively. They admit Premraj as a new partner. Ashish sacrificed 1/7th share of his profit and Rijul sacrificed 1/3rd of his share in favour of Premraj. The new profit sharing ratio of Ashish, Rijul and Premraj will be –

6. Ashish and Rijul are partners in a business sharing profits and losses in the ratio of 7:3 respectively. They admit Premraj as a new partner. Ashish sacrificed 1/7th share of his profit and Rijul sacrificed 1/3rd of his share in favour of Premraj. The new profit sharing ratio of Ashish, Rijul and Premraj will be:

1. 3 : 1 : 1
2. 2 : 1 : 1
3. 2 : 2 : 1
4. None of the above

Answer: A) 3 : 1 : 1

Explanation:

The new profit sharing ratio of Ashish, Rijul and Premraj will be 3 : 1 : 1.