Question

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

Answer 1

Answer:

· 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