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The new profit-sharing fractions of three partners are 3/8, 3/8, and 2/8, respectively. What will be their new profit-sharing ratio?

Answer and explanation

Correct answer: 3:3:2

All the fractions have the same denominator, 8, so their profit-sharing ratio is determined directly by the numerators: 3:3:2. Options B and C change the given order, while 8:8:8 incorrectly uses the common denominator as the ratio. Exam tip: When fractions have the same denominator, compare their numerators directly.

Related tags

AdmissionNew-Profit-Sharing-RatioPartnershipAccountancyClass-12New Profit Sharing RatioReconstitution Admission Of A PartnerClass 12 Mcq

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