A and B share profits and losses in the ratio of 3:4. C was admitted for 1/5 th share. New profit sharing ratio will be:
A. 3 : 4 : 1
B. 12 : 16 : 7
C. 16 : 12 : 7
D. None of these
Answer:B
A and B share profits and losses in the ratio of 3:4. C was admitted for 1/5 th share. New profit sharing ratio will be:
A. 3 : 4 : 1 B. 12 : 16 : 7 C. 16 : 12 : 7 D. None of these