A and B are partners in a firm. They admit C for 1/4th share. What will be the new ratio between partners if A and B shares profits in future in 2:1?
Options:
2:2:2
2:2:1
2:1:1
None of these
Correct Answer:
2:1:1
Explanation:
C share is 1/4 The remaining share is 1-1/4= 3/4. 3/4 is distributed between A & B in 2:1 A new share= 3/4*2/3= 6/12 B new share= 1/3*3/4= 3/12 So, the new ratio is 6/12:3/12:1/4 means 6:3:3 or 2:1:1