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A and B are partners in a firm sharing p...

A and B are partners in a firm sharing profits and losses in the ratio of 2 : 3. C is admitted for 1/5 share in the profits of the firm. If C gets it wholly from A, the new profit sharing ratio after C's admission will be :

A

`1 : 3 : 3`

B

`3 : 1 : 1`

C

`2 : 2 : 1`

D

`1 : 3 : 1`

Text Solution

Verified by Experts

The correct Answer is:
D
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