 Hi and how are you all today? The question says A and B are partners sharing profit and losses in the ratio 3 is to 4 respectively. They admit C as a new partner, the new profit sharing ratio being 2 is to 3, 2 is to 2 is to 3 between A, B and C respectively. C pays rupees 12,000 as premium for goodwill. Find the amount of premium shared by A and B. So let us proceed with the solution. First of all the old profit sharing ratio that was between A and B is given to us as 3 is to 4. Whereas new profit sharing ratio between A, B and C is given to us as 2 is to 2 is to 3, right? So let us find out the share sacrificed by A that is old share minus new share that is 1 by 7. Similarly, we need to find out share sacrificed by B that is 4 by 7 minus 2 by 7 that is 2 by 7. The amount of goodwill is given to us as rupees 12,000. So now we can find out is share in goodwill share in goodwill. Above we have found out the sacrificing ratio as 1 is to 2, right? So A is shared in goodwill is 1 upon 3 into 12,000 that is equal to 4,000 and it is 2 by 3 of 12,000 that is rupees 8,000. So the respective share of A is 4,000 and that of B is rupees 8,000, right? So this ends the session hope you understood it well and enjoyed it to have a nice day.