Question

A and B are partners sharing profits and losses in the ratio of 2:3. They admit C for 2/5 shares which he acquired equally from A and B. What is the new ratio?

• A. 1:2:2
• B. 2:3:2
• C. 1:1:1
• D. None of the above

Answer 1

Answer:

A. 1:2:2