Question

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

Answer 1

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

Answer 2

Answer: if any mistakes I am not responsible ...

Explanation:

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