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Question
A, B, C, D are in partnership sharing profits and losses in the ratio of 9 : 6 : 5 : 5. E joins the partnership for 20% share. A. B, C and D would in future share profits among themselves as `3/10 : 4/10 : 2/10 : 1/10`. The new profit sharing ratio will be:
Options
3 : 4 : 2 : 1 : 5
9 : 6 : 5 : 5 : 5
6 : 8 : 4 : 2 : 5
8 : 6 : 4 : 2 : 5
MCQ
Solution
6 : 8 : 4 : 2 : 5
shaalaa.com
Retirement and Death of a Partner - Calculation of New Profit Sharing Ratio
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