a and b were partners in a firm sharing profit and losses in the ratio of 3:2they admitted c into the partnership with 1/6th share in the profit calucate the new profit sharing ratio
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Answer:
3:2:1
Explanation:
C admits for 1/6 share of new profit in new firm
let new firm profit =1
Remaining share of Aand B in the new firm =1-C share
1-1/6
5/6
new ratio = old ratio - remaining share of A and B
A = 3/5*5/6=15/30
B=2/5*5/6=10/30
New ratio =A:B:C
15/30:10/30:1/6
15:10:5/30
15:10:5
3:2:1
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