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Question

Accountancy Question on Shares

A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for14\frac{1}{4}th share of profit, which he gets 18\frac{1}{8} from A and 18\frac{1}{8} from B. Calculate new profit sharing ratio of all the partners.

A

1:1:1:1

B

9:5:4:6

C

9:4:5:6

D

9:5:6:4

Answer

9:5:4:6

Explanation

Solution

The correct option is (B): 9:5:4:6