Question

A and B are partners sharing profits in the ratio of 7:3. C was admitted on 3/7 share in
the profits, the new profit sharing ratio of the partners will be​

Answer 1

Answer:

New profit sharing Ratio :-

Let as assume Profit as "1"

So, deducting C's Share of profit from Profit.

1-3/7 = 4/7

A = 4/7* 7/10 = 28/70

B = 4/7* 3/10 = 12/70

C = 3/7*10/10 = 30/70