What is the new profit or loss sharing?
Sule and Ahmed are in partnership sharing profit and losses equally. If Khadija is admitted as a new partner to take 1/5 th as her share. What is the new profit or loss sharing?
A Sule1/3, Ahmed1/3, Khadija 1/3
B Sule1/3, Ahmed1/3, Khadija 1/3
C Sule1/5, Ahmed1/5, Khadija3/5
D Sule2/5, Ahmed1/5, Khadija2/5
Answer is B
Khadija is to take 1/5th, that is 20%
Sule & Ahmed to share 80% (100% – 20%) equally
Sule = 2/5
Ahmed = 2/5
Khadija = 1/5
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