A and B are partners sharing profits in the ratio of 5 : 3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio
A and B are partners sharing profits in the ratio of 5 : 3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio.
[Ans. New Ratio 15 : 9 : 8.]
Anurag Pathak Answered question August 20, 2024