Question

A and B are two partners sharing profit and losses in the ratio of 3:2. C is admitted as a new partner for 3/10th share which he acquires 2/10th from A and 1/10th from B. calculate new profit sharing ratio
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Answer 1

Answer:

New profit sharing ratio is A:B:C=2:1:3

Explanation:

A=3/5 - 2/10=4/10

B=2/5 - 1/10=3/10

calculation of new profit sharing ratio.........

A=3/5 - 4/10 =2/10

B= 2/5 - 3/10= 1/10

C =3/10