Calculate the new profit-sharing ratio if A and B are partners in a firm sharing profits in ratio of 3:2, if C joins the firm and A surrenders 1/4th of his share and B surrenders 1/5th of his share in favour of C? |
21:32:15 32:23:45 45:32:23 23:45:32 |
45:32:23 |
Old ratio = 3:2 |