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A and B are partners sharing profit in t...

A and B are partners sharing profit in the ratio of 3 : 2. They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be :

A

`12 : 8 : 5`

B

`8 : 12 : 5`

C

`5 : 5 : 12`

D

None of the Above

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Knowledge Check

  • A and B are partners sharing profits in the ratio of 3:1. They admit C for 1/4 share in the future profits. The new profit sharing ratio will be:

    A
    `A(9)/(16),B(3)/(16),C(4)/(16)`
    B
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    C
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    D
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    A
    equally.
    B
    in the ratio of their profits.
    C
    in the ratio of their capitals.
    D
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