Smartindia Classroom
CONTENTS
English
Accountancy
Business Studies
Computer Science
Economics
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Question-1
X and Y are partners sharing profits and losses in the ratio of 7:5 they admit Z as new partner who acquires 1/12
th
share from X and 16
th
from Y as his share. Calculate new profit sharing ratio
(A)
2:1:1
(B)
3:2:2