Question

Calculate new profit-sharing ratio.
3. A and B are partners sharing profits and losses in the proportion of 7:5. They agree to admit C their
manager, into partnership who is to get 1/6th share in the profits. He takes this share as 1/24th from
and 1/8th from B. Calculate new profit-sharing ratio.​

Answer 1

Answer:

13:7:4

Explanation:

A- 7/12 - 1/24 = 13/24

B- 5/12 - 1/8 = 7/24

so new ratio is

13:7:4