A and B are partners sharing profits in the ratio of 5 : 4 . They admit C for 1/9th share, which he acquires entirely from A . Find out the new profit - Accountancy MCQ Competitive Exams 2026 | ExamTest.live

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A and B are partners sharing profits in the ratio of 5 : 4 . They admit C for \frac{1}{9} th share, which he acquires entirely from A . Find out the new profit sharing ratio.

Solution & Step-by-step Explanation

Old ratio of A and B = 5 : 4 Old share of A = \frac{5}{9} Old share of B = \frac{4}{9} C acquires his entire share of \frac{1}{9} from A : New share of A = \frac{5}{9} - \frac{1}{9} = \frac{4}{9} New share of B = \frac{4}{9} Share of C = \frac{1}{9} Thus, the new profit sharing ratio of A : B : C is: 4 : 4 : 1

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A and B are partners sharing profits in the ratio of 5 : 4 . They admit C for \frac{1}{9} th share, which he acquires entirely from A . Find out the new profit sharing ratio.

3 : 3 : 1

2 : 2 : 1

4 : 4 : 1

5 : 5 : 2

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