A and B are partners sharing 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.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 12 : 8 : 5
C’s share = 1/5
Remaining share for A and B = 1 − 1/5 = 4/5, shared in the old ratio 3 : 2
A = 3/5 × 4/5 = 12/25
B = 2/5 × 4/5 = 8/25
C = 1/5 = 5/25
New ratio of A, B and C = 12 : 8 : 5
NCERT (2026-27 edition):
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