Ankita and Bhushan partners share profits and losses in a ratio of 7: 5. They agree to accept Chandan, their manager, in a partnership that receives 1/6 of the profits. He acquires this share as 1/24th from Ankita and 1/8th from Bhushan, the new profit sharing ratio will be –

10. Ankita and Bhushan partners share profits and losses in a ratio of 7: 5. They agree to accept Chandan, their manager, in a partnership that receives 1/6 of the profits. He acquires this share as 1/24th from Ankita and 1/8th from Bhushan, the new profit sharing ratio will be:

  1. 13 : 7 : 4
  2. 7 : 13 : 4
  3. 7 : 5 : 6
  4. 5 : 7 : 6

Answer: A) 13 : 7 : 4

Explanation:

The new profit sharing ratio will be 13 : 7 : 4.

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