A & B are partners sharing profits in ratio of 3:2. They admit C for 1/5th share in profit. C acquires 1/5th of his share from A and remaining from B. Find new profit-sharing ratio?
Options:
3:5:6
14:6:5
2:2:1
14:5:6
Correct Answer:
14:6:5
Explanation:
C share= 1/5 A gives 1/5*1/5= 1/25 So B gives 1/5 - 1/25 = 4/25 A's new share = 3/5-1/25= 14/25 B's new share= 2/5-4/25= 6/25 New ratio is 14/25:6/25:1/5 = 14:6:5