Himanshi and Priyanka are partners in a firm sharing profits in 5:1 ratio. They admitted Arun as a new partner for 1/4 share in the profits, which he acquired wholly from Himanshi. What will be the new profit sharing ratio of the partners? |
7:2:3 6:4:14 4:6:14 3:2:1 |
7:2:3 |
The correct answer is Option (1) → 7:2:3 |