A and B are the partner sharing profit in ratio 5 : 3 C is admitted for 1/4th share in profits calculate new profit sharing ratio of partners
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16
Answer:
15:9:8
Explanation:
old psr=5:3(A:B)
c's share(incoming partner) =1/4th
Remaining share=1-incoming partners share
=1-1/4
=3/4
New psr
A=5/8×3/4=15/32
B=3/8×3/4=9/32
C=1/4×8/8=8/32
Therefore new profit sharing ratio=15:9:8
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Answer: if any mistakes I am not responsible ...
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