Question

A and B are partners sharing profits and losses in ratio 3:2. C admitted for 1/5 Ratio . Calculate new profit sharing ratio.

Answer 1

Answer:

profit sharing ratio=old ratio_new ratio

Explanation:

old ratio=3\5 2/5

new retio=1/6. 5/6

new profit sharing ratio=3/5-1/6=13/30

=2/5-5/6=2/30

so new profit sharing ratio is 13:2