Anita and Babita are partner in a firm sharing profit and Loss in the ratio 3:2. Kavita was admitted as new partner in the firm. Anita surrenders 1/4th share and Babita surrenders 1/5th share in favour of Kavita. Calculate new profit sharing Ratio
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Answer:
7:4:9
Explanation:
Anita :- 3/5 - 1/4 = 12-5/20 = 7/20
Babita :- 2/5 - 1/5 = 1/5×4/4 = 4/20
Kavita :- 1/4+1/5 = 5+4/20 = 9/20
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