Question

A and b share profit in the ration of 8:7. C is admitted partnership from of 1/5 share . Find out the new profit sharing ration.​

Answer 1

Explanation:

Let the common ratio be x.

Total share of A and B=8x:7x

=8x+7x

=15x

Sharing ratio of C=1/5 of 15x

= 3x

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