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Sanjay and Sunil are partners sharing profit in the ratio of 2:1. Sudhir is admitted as a new partner for 1/4th share in profits. Calculate the new profit sharing ratio. |
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Answer» Explanation: SANJAY's new SHARE= 2/3×1=3/4=6/12 sunil's new share = 1/3×3/4 =3/12 thus new ratio is =6/12:3/12:1/4 =6:3:3 =2:1:1 |
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