Question

    A & B are partners sharing profits & losses in the ratio

    of 3 : 2. They admitted C into partnership with 3/10 share in the future profits of which he requires 2/10 from A and 1/10 from B. Calculate the new profit sharing ratio.
    A 2 : 2 : 3 Correct Answer Incorrect Answer
    B 3 : 3 : 3 Correct Answer Incorrect Answer
    C 4 : 3 : 3 Correct Answer Incorrect Answer
    D 1 : 1 : 1 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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