Question:
A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for\(\frac{1}{4}\)th share of profit, which he gets \(\frac{1}{8}\) from A and \(\frac{1}{8}\) from B. Calculate new profit sharing ratio of all the partners.
A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for\(\frac{1}{4}\)th share of profit, which he gets \(\frac{1}{8}\) from A and \(\frac{1}{8}\) from B. Calculate new profit sharing ratio of all the partners.
Updated On: Apr 19, 2024
- 1:1:1:1
- 9:5:4:6
- 9:4:5:6
- 9:5:6:4
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The Correct Option is B
Solution and Explanation
The correct option is (B): 9:5:4:6
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