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

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

  1. 1 : 3 : 3
  2. 3 : 1 : 1
  3. 2 : 2 : 1
  4. 1 : 3 : 1

Answer: D) 1 : 3 : 1

Explanation:

The new profit-sharing ratio after Mehak's admission will be 1 : 3 : 1

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