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In the new profit-sharing ratio 11:9:5, what are the respective shares of G, the new partner, and A and B, the old partners jointly?

Answer and explanation

Correct answer: 1/5 and 4/5

The total number of ratio parts is 11+9+5=25. G's share is 5/25=1/5. The combined share of old partners A and B is (11+9)/25=20/25=4/5. Option B incorrectly gives their combined share as 15/25; the correct sum is 20/25. Exam tip: Add the ratio parts of the relevant old partners first, then divide by the total parts.

Related tags

New Profit Sharing RatioAdmission Of PartnerCombined ShareRatio SimplificationReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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