A and B are in partnership sharing profits and losses in the ratio of 3 : 2 . They admit C as a new partner. Calculate the new profit sharing ratio if - Accountancy MCQ Competitive Exams 2026 | ExamTest.live

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A and B are in partnership sharing profits and losses in the ratio of 3 : 2 . They admit C as a new partner. Calculate the new profit sharing ratio if C purchases \frac{1}{10} th share from A .

Solution & Step-by-step Explanation

Old shares are A = \frac{3}{5} = \frac{6}{10} and B = \frac{2}{5} = \frac{4}{10} . C takes \frac{1}{10} th share entirely from A : New share of A = \frac{6}{10} - \frac{1}{10} = \frac{5}{10} New share of B = \frac{4}{10} Share of C = \frac{1}{10} Thus, the new profit sharing ratio of A : B : C is: 5 : 4 : 1

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A and B are in partnership sharing profits and losses in the ratio of 3 : 2 . They admit C as a new partner. Calculate the new profit sharing ratio if C purchases \frac{1}{10} th share from A .

5 : 4 : 3

4 : 3 : 2

3 : 2 : 1

5 : 4 : 1

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