Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit sharing ratio of the partners is- |
11:4:5 11:5:4 9:4:5 7:3:5 |
11:4:5 |
The correct answer is Option (1) → 11:4:5 Old shares — Das = 4/5, Sinha = 1/5. ⇒ Das’ new share = 4/5 − 1/4 = 16/20 − 5/20 = 11/20. Pal = 1/4 = 5/20. |