A and B are partners sharing profits in the ratio of 3 : 2. They admit C into partnership giving his 1/2 share in profits which he acquires from A and B in the ratio of 3 : 1. Calculate the new profit ratio
A and B are partners sharing profits in the ratio of 3 : 2. They admit C into partnership giving his 1/2 share in profits which he acquires from A and B in the ratio of 3 : 1. Calculate the new profit ratio.
[Ans. New Ratio 9 : 11 : 20.]
Anurag Pathak Answered question August 20, 2024