Practicing Success
A and B are partner profit and loss in the ratio of 3 : 2. They admitted C as a new partner for 1/5 share in the future. Calculate new profit sharing Ratio. |
3 : 1 : 1 12 : 8 : 5 4 : 2 : 5 3 : 2 : 1 |
12 : 8 : 5 |
The correct answer is Option (2) - 12 : 8 : 5. Old ratio = 3:2 (A & B) B's new share = 2/5 x 4/5 NEW RATIO = 12/25 : 8/25 : 1/5 |