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Question
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted for 1/6th share. It is agreed that C will retain his original share. New profit sharing ratio will be ______.
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Solution
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted for 1/6th share. It is agreed that C will retain his original share. New profit sharing ratio will be 19 : 19 : 12 : 10.
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