Ashok and Sudha were partners in a firm sharing profits and losses in the ratio of 3 : 1. They admitted Bani as a new partner. Ashok sacrificed \(\frac{1}{4}\)th of his share and Sudha sacrificed \(\frac{1}{4}\)th of her share is favour of Bani. Bani’s share in the profits of the firm will be:
A. \(\frac{5}{8}\)
B. \(\frac{1}{8}\)
C. \(\frac{1}{4}\)
D. \(\frac{7}{16}\)
Answer:C
Ashok and Sudha were partners in a firm sharing profits and losses in the ratio of 3 : 1. They admitted Bani as a new partner. Ashok sacrificed \(\frac{1}{4}\)th of his share and Sudha sacrificed \(\frac{1}{4}\)th of her share is favour of Bani. Bani’s share in the profits of the firm will be:
A. \(\frac{5}{8}\) B. \(\frac{1}{8}\) C. \(\frac{1}{4}\) D. \(\frac{7}{16}\)