Anzu, Bindu and Cynthia are partners in the ratio of 3 : 2 : 1. Dolly was admitted in the firm as a new partner with a sixth share in the future profits. Calculate the new profit sharing ratios of the partners.
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Answer:
Answer is 15:10:5:6
Explanation:
- Dolly will gain the sharing ratio since she is newly admitted into the firm
- When dolly enters into the firm with an agreement of 1/6 of share, unless otherwise mentioned, the existing partners must sacrifice 1/6 of their profits.
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