1.

A and B are partners in a firm sharing profit in the ratio of 2:1 C joins the firm A surrenders 1/4th of his share and B 1/5 of his share in favor of his share in favour of C.find the new profit sharing ratio

Answer»

ANSWER:

EXPLANATION:

A SACRIFICES = (2/3*1/4)=2/12

B sacrifices =(1/3*1/5)=1/15

A's NEW SHARE=2/3-2/12=6/12*5/5=30/60

B's New Share =1/3-1/15=4/15*4/4=16/60

C's share =2/12+1/15=14/60

new share =30:16:14

after 15:8:7



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