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X, Y and Z are partners sharing profits ...

X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

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New Profit-sharing Ratio- 10:6:4:5.
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Knowledge Check

  • When A and B sharing profits and loses in the ratio of 3 : 2, admit C as a partner giving him 1/5th share of profits. This will be given by A and B

    A
    equally.
    B
    in the ratio of their profits.
    C
    in the ratio of their capitals.
    D
    None of the above.

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