A and B are partners sharing profits and losses in the ratio of 3:2. A’s capital is Rs.120000 and B’s capital is Rs.60000. they admit C for 1/5th share of profits. C should bring as his capital:
A. 36000
B. 48000
C. 58000
D. 45000
Answer:D
A and B are partners sharing profits and losses in the ratio of 3:2. A’s capital is Rs.120000 and B’s capital is Rs.60000. they admit C for 1/5th share of profits. C should bring as his capital:
A. 36000 B. 48000 C. 58000 D. 45000