 Hi Ian, how are you all today? The question says, A and B are partners in the business sharing profits and losses equally. They admit a new partner C and it is agreed that now the profits and losses will be shared amongst A, B and C. In the ratio, 9 is to 8 is to 7. Before, if they were sharing it equally, now they will share it as 9 is to 8 is to 7 after admission of partner C. If C paid rupees 2.10 lakh as premium for Goodwill, find the shares of A and B in the premium. Now here, old profit sharing ratio among A and B was 1 upon 2 is to 1 upon 2 that is 1 is to 1. Now new profit sharing ratio between A, B and C is 9 is to 8 is to 7. That means it is 9 upon 24 is to 8 upon 24 is to 7 upon 24. So, first of all we will be finding out the sacrificing ratio. Sacrificing ratio is calculated by subtracting new ratio from the old ratio. So, let us find out it for A first it is 1 by 2 minus 9 by 24 which is further equal to 12 minus 9 that is 3 upon 24. And for B it is 1 by 2 minus 8 by 24 that is 12 minus 8 by 24 that is 4 by 24. So, therefore we can write that sacrificing ratio is equal to 3 is to 4. Now we are given the amount of premium as 2.10 lakh that is 2 lakh 10,000. So, we have A's share in it as 3 by 7 into 2 lakh 10,000 that is equal to that is equal to 3 into 30,000 that is B's share is 4 upon 7 into 2 lakh 10,000 that is coming out to be B is 1 lakh 20,000. So, the answer is to this question that is A has share 90,000 in it and B is given 1 lakh 20,000 as the share in the goodwill. So, this completes the session hope you understood it well and enjoyed it too have a nice day.