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                                    A and B are partners sharing profits in the ratio of 5: 3. C is admitted for 3/10th share of profits out of which half share was gifted by A and the remaining share was taken byC equally from A and B. Calculate new profit-sharing ratio. | 
                            
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Answer»  New profit sharing ratio of A,B and C 4:3:3Explanation:1)old SHARE A B 5/8 3/82)share gifted by A 3/10x 1/2 = 3/20 .......3) share ACQUIRED by c 3/20×1/2=3/40 3/20×1/2=3/40New share of A= Old share- share gifted- share acquired by c= 5/8- 3/20- 3/40 = 25 - 6 -3/60 = 16/40New profit sharing of B= 3/8- 3/40 = 15-3/40 = 12/40New profit sharing ratio of A,B and C = 16/40:12/40 :3/10= 4:3:3  | 
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