A and B are partners sharing profit and losses in the ratio 3:2 C is admitted into the partnership. A surrendered 1/3rd of his share and B surrendered 1/4th of his share in favour of C. Determine the new profit-sharing ratio.

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Latest Answer: 2 days ago
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A and B are partners sharing profit and losses in the ratio 3:2 C is admitted into the partnership. A surrendered 1/3rd of his share and B surrendered 1/4th of his share in favour of C. Determine the new profit-sharing ratio.

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1 Answers

Answered By Nikita Chetry
Answer: 2 days ago

The new ratio is 3:3:2, and the sacrificing ratio is 9:1. Explanation: C is admitted as a partner with 1/4th share. This means the remaining 3/4th share belongs to A and B. Using this, we calcul... Read More

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