P and Q are partners sharing profit in 2:1 ratio. They admitted R into partnership giving him 1/5th share which he acquired from P and Q in a 2:1 ratio. New Profit Sharing Ratio will be: |
2:2:1 4:3:1 8:4:3 3:1:1 |
8:4:3 |
The correct answer is option 3- 8:4:3. New share of P = 2/3 - (1/5 x2/3) NEW RATIO = 8/15 :4/15:1/5 |