question_answer

A and B are partners in a firm sharing profits and losses in the ratio of 3: 2. A new partner C is admitted. A surrenders 1/5th share of his profit in favour of C and B surrenders 2/5th of his share in favour of C. Their new profit sharing ratio is

A)  5:4:3                                       

B)  5:5:2

C)                     2: 1: 1                                     

D)  12:6:7