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Question
X and Y are partners in the firm sharing profits and losses in the proportion of 2 : 1. They admit a new partner Z for `1/6`th share in profit. What is the new profit-sharing ratio of X, Y and Z?
Options
5 : 3 : 10
2 : 1 : 6
1 : 1 : 1
10 : 5 : 3
MCQ
Solution
10 : 5 : 3
shaalaa.com
Effect of Admission of a Partner on Change in the Profit Sharing Ratio
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