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P, Q and R were partners in a firms sharing profits in the ratio of 3 : 2 : 1. They admitted S as a new partner for 1/8th share in the profits which he acquired 1/16th from P and 1/16th from Q. Calculate new profit sharing ratio of P, Q, R and S.

[Ans. New Ratio 21 : 13 : 8 : 6.]

Anurag Pathak Answered question August 20, 2024
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