a and b are partners sharing profits in the ratio of 5:3 . c is admitted to the partnership for 1/4 share of future profits. calculate the new profit sharing ratio
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· Let total profit be = 1Remaining = 1 - 1/4. = 3/4(this is ... ratio 5:3 . C is admitted to the partnership for 1/4th share of future profit. calculate the new profit sharing
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