A and B are sharing profit in the ratio of 4 : 1. They admit C as a partner by giving him 1/2 share in future profits. The new ratio will be .........
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2
Answer:
4:1:2is the ratio by sharing for the partner
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8
Answer:
A's old share= 4/5
B's old share=1/5
remaining share= 1-1/2= 1/2
remaining share 1/2 will be shared by A&B
A's new share =1/2×4/5 =4/10
B's new share=1/2×1/5=1/10
C's new share=1/2×5/5=5/10
New profit sharing ratio=4:1:5
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