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Question
A and B share profits in the ratio of 2 : 1. C is admitted with `1/4` share in profits. C acquires `3/4` of his share from A and `1/4` of his share from B. The new ratio will be:
Options
2 : 1 : 1
23 : 13 : 12
3 : 1 : 1
13 : 23 : 12
MCQ
Solution
23 : 13 : 12
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Retirement and Death of a Partner - Calculation of New Profit Sharing Ratio
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