satya and Shiva are partners sharing profit and losses in the ratio of 4:3.They admit sundar into partnership and give him 1/6th share. Satya and Shiva agreed to share the remaining share equally.Calculate the new profit sharing ratio of all partners
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Answer:
sathya =4/7-1/6=24-7/42=17/42
shiva =3/7-1/6=18-7/42=11/42
therefore
new profit sharing ratio is 17:11
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