1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
Calculating Gaining Ratio
R and S are p...
Question
R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R gives 1/4th of his share and S gives 1/5th of his share to the new partner. Find out new profit-sharing ratio.