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 and B are partners in a firm sharing profits and losses in the ratio

1.	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
Answer» E.

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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

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