A, B, C and D are partners. A and B share3/ 4 th of the profits in the ratio of 2:1 and C and D share
remaining profits equally. Profit sharing ratio will be:
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Answer:
A's old share= 36/100
B's old share= 24/100
C's old share= 20/100
D's old share= 20/100
E is admitted for 20/100th share
Remaining share= 1-[20/100]
= 80/100
New ratio among partners should be 3:4:2:1
A's new share= 3/10 * 80/100
= 24/100
B's new share= 4/10 * 80/100
= 32/100
C's new share= 2/10 * 80/100
= 16/100
D's new share= 1/10 * 80/100
= 8/100
New profit sharing ratio= 24:32:16:8:20
= 6:8:4:2:5
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