X and Y are two partners sharing profits in the ratio of 2:1.Z admitted into the firm for $\frac{1}{4}$ share of profit. The new profit sharing between X,Y and Z will be:

Question

X and Y are two partners sharing profits in the ratio of 2:1.Z admitted into the firm for $\frac{1}{4}$  share of profit. The new profit sharing between X,Y and Z will be:

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X and Y are two partners sharing profits in the ratio of 2:1.Z admitted into the firm for \(\frac{1}{4}\) share of profit. The new profit sharing between X,Y and Z will be:

The Correct Option is A

Solution and Explanation

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