question_answer

You are required to find out 8 to 9:

Divij and Kanav are partners since last 5 years. They are involved in publishing educational books for the school and college students. They share profits in the ratio of 3:2. Due to the urgent need of capital, they decided to admit a new partner.

Puneet was admitted for 1/3rd share and

(i) He brings Capital Rs.5,00,000 to acquire the right to share firm's assets,

(ii) He also brings some amount to acquire the right to share profits of the business. Cash brought by him Rs.60,000 (out of 80,000) which was credited to sacrifice partners Divij Rs.40,000 and Kanav Rs.20,000.

Sacrificing Ratio of Divij and Kanav:

A) 2/9 and 1/9 

B) 1:1

C) 3/5 and 2/9

D) 3/5 and 2/5