X and Y are partners in a firm sharing profits in the ratios of 2 : 1. Z is admitted with a $${\frac{1}{3}^{{\text{rd}}}}$$ profit sharing. What will be the new profit sharing ratio of X, Y and Z?
X and Y are partners in a firm sharing profits in the ratios of 2 : 1. Z is admitted with a $${\frac{1}{3}^{{\text{rd}}}}$$ profit sharing. What will be the new profit sharing ratio of X, Y and Z? Correct Answer 4 : 2 : 3
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Feb 20, 2025