Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him 1/7th share, new profit sharing ratio of partners will be _____.
A. equal
B. 3:2:1:2
C. 3:2:1:1
D. 2:3:1:2
Answer:C
Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him 1/7th share, new profit sharing ratio of partners will be _____.
A. equal B. 3:2:1:2 C. 3:2:1:1 D. 2:3:1:2