A and B are partners in a firm sharing profits in the ratio of 2 : 1. C joins the firm. A surrenders 1/4th of his share and B 1/5th of his share in favour of C. Find the new profit sharing ratio.
A and B are partners in a firm sharing profits in the ratio of 2 : 1. C joins the firm. A surrenders 1/4th of his share and B 1/5th of his share in favour of C. Find the new profit sharing ratio.
[Ans. New Ratio 15 : 8 : 7]
Anurag Pathak Answered question August 20, 2024