Question

11. A and B are partners in a business sharing profits and losses in the ratio of
7:3 respectively. They admit C as a new partner. A sacrificed 1/7th share of
his profit and B sacrificed 1/3rd of his share in favour of C. The new profit
sharing ratio of A, B and C will be :
(A) 3:1:1
(B) 2:1:1
(C) 2:2:1
(D) None of the above
(C.S. Foundation, June, 2013)​

Answer 1

Answer:

(a)3:1:1

Explanation:

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