A and B are partners sharing profits in the ratio
of 5:3 .They admit C with 1/5th share in profits,
which he acquires equally from both 1/10 from
A and 1/10 from B. New profit sharing ratio
between A and B will be
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Answer:
A:B=21:11
Explanation:
Old profit shares
A: B=5/8:3/8
ON admission :C 's share is 1/5
soA:B=5/8-1/10:3/8-1/10
=42/64:22/64
=21:11
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