A and B are partners sharing profit or loss in the ratio of 3:2. C is admitted into partnership as a new partner. A sacrifices 1/3 of his share and B sacrifices 1/4 of his share in favour of C. What will be the C's share in the firm? |
1/5 3/10 3/5 None of the Above |
3/10 |
Sacrifice by A = 1/3*3/5 |