Practicing Success
Partners A, B and C share the profits of a business in the ratio of 3 : 2 : 1 respectively. They admit D who brings in Rs60,000 for his share of goodwill. A, B, C and D decide to share the profits respectively in the ratio of 5 : 3 : 2 : 2. Credit will be given to which partner? |
A Rs6,000; B Rs6,000 A Rs30,000; B Rs18,000; C Rs12,000 A Rs30,000; B Rs20,000; C Rs10,000 A Rs30,000; B Rs30,000 |
A Rs30,000; B Rs30,000 |
Old ratio is 3:2:1 |