A and B are partners sharing profits and losses in the ratio of 5:3 respectively . Mr. C is admitting for 3/8th share of profit, which he takes 2/8th from Mr. A and 1/8th from Mr. B. Calculate new profit sharing ratio.
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Answer:
new profit sharing ration is 3:2:3
Explanation:
A. 5/8-2/8=3/8
B. 3/8-1/8=2/8
C. 2/8+1/8=3/8
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