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(ii) A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2:1
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Answer:
Explanation:
Old Ratio = A: B
= 1: 1
C ADMITS FOR 1/4TH share of profit
= 1- 1/4 = 3/4
New Ratio = Combined share of A and B * 2/3
A = 3/4 * 2/2 = 6/12
B = 3/2 * 1/3 = 3/12
New profit sharing Ratio = A: B: C
= 6/12: 3/12: 1/4
= 6:3:3 / 12
= 2: 1: 1
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