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P and Q are partners in a firm sharing profits and losses in the ratio...

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Question

Accounting

P and Q are partners in a firm sharing profits and losses in the ratio of 3:2. They admit R in to the partnership with 1/5th share in the profits. Compute the new profit sharing ratio?

a.

9:7:4

b.

4:3:2

c.

12:8:5

d.

None of these are correct.

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