X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as
Channel: Doubtnut
Date: 29/03/2020

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4th share in profit. Z acquired his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.