X and Y are partners sharing profits in ...

X and Y are partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrenderd 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X,Y,P and Q.

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New Profit-sharing Ratio of X,Y,P and Q-4: 3 : 2 :1.

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