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A and B are partners in a firm sharing profits in the ratio of 3:2 .C and D were admitted as new partners .A sacrificed 1/4th of his share in favour of C and B sacrificed 50% of his share in favour of D . Calculate the new profit sharing ratio of A,B,C and D |
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Answer» Answer: 9:3:4:4 Explanation: A SHARE 3/5 3/5 ×1/4 = 3/20 its C share B share 2/5 2/5 × 50 % = 1/5 it's D share |
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