X and Y are partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new
Channel: Doubtnut
Date: 29/03/2020

X and Y are partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrenderd 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X,Y,P and Q.