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P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him 15 share which he acquired from P and Q in 1 : 2 ratio. Calculate the new profit sharing ratio. |
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Answer» P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him 15 share which he acquired from P and Q in 1 : 2 ratio. Calculate the new profit sharing ratio. |
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