A and B are partners sharing profits in the ratio of 4 : 3. They admitted C as a new partner who gets 1/5th share of profit, entirely from A. The new profit sharing ratio will be :
Options:
20:08:07
13:15:15
13:15:07
15:13:05
Correct Answer:
13:15:07
Explanation:
C's share = 1/5 C gets whole his share from A. So, Share of A= 4/7-1/5 = (20-7)/35 = 13/35 Share of B =3/7 or 15/35 Share of C=1/5 or 7/35 NEW PROFIT SHARING RATIO IS 13/35 : 15/35 : 7/35 = 13:15:7