A and B are partners sharing and losses in the porportion of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share i

A and B are partners sharing and losses in the porportion of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/2th from A and 1/8th from B. Calculate new profit-sharing ratio.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

New Profit-sharing ratio of A, B and C-13: 7 : 4.

4 views Answered 2023-02-05 15:29

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