Question:
P and Q are partners sharing profits in the ratio of \(2:1\). They admitted R into partnership giving \( \frac{1}{5}^{th}\) share which he acquired from P and Q in \(1:2\)ratio. Calculate the new profit sharing ratio
P and Q are partners sharing profits in the ratio of \(2:1\). They admitted R into partnership giving \( \frac{1}{5}^{th}\) share which he acquired from P and Q in \(1:2\)ratio. Calculate the new profit sharing ratio
Updated On: Sep 23, 2024
- \(2:1:2\)
- \(1:1:3\)
- \(3:1:1\)
- \(20:5:9\)
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The Correct Option is C
Solution and Explanation
The correct option is (C) :\(3:1:1\)
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