Practicing Success
A & B are partners sharing profits in ratio of 1:2. Their fixed capitals were ₹2,00,000 & ₹3,00,000 respectively. C was admitted with 1/4th share and brought ₹2,00,000 for his capital which was also kept fixed. C acquired his share of profit from B. |
Calculate new profit-sharing ratio? |
5:4:3 4:5:3 10:8:7 3:4:5 |
4:5:3 |
The correct answer is option 2- 4:5:3. Old ratio = 1:2 (A & B) A share is 1/3 So, the new ratio = 1/3 :5/12: 1/4 |