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      Question

      X & Y share profits in the ratio of 1: 4. Z has been

      admitted with Β½ shares in profits. What will be the new profit sharing ratio of the partners?Β 
      A 2:1:1 Correct Answer Incorrect Answer
      B 1:1:1 Correct Answer Incorrect Answer
      C 1:4:5 Correct Answer Incorrect Answer
      D 1:2:3 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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