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X and Y are partners in a firm sharing profits and losses in the ratio of 9 : 6. A new partner Z is admitted. X surrenders 3/15th share of his profit in favour of Z and Y 6/15th of his share in favour of Z. Calculate new profit sharing ratio.

[Ans. New Ratio 12 : 6 : 7.]

Anurag Pathak Answered question August 20, 2024
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