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? |
3:5:6 14:6:5 2:2:1 14:5:6 |
14:6:5 |
The correct answer is option 2- 14:6:5. Old ratio between A & B = 3:2 C share= 1/5 So B gives = 1/5 - 1/25 New share = old share - sacrificed share A's new share = 3/5-1/25 B's new share = 2/5-4/25 New ratio is 14/25:6/25:1/5 or 14/25:6/25:5/25 |