Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija is admitted...
FINANCIAL
JAMB 2009
Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija is admitted as new partner to take 1/5 as her share, what is the new profit or loss sharing ratio?
- A. Sule 1/3, Ahmad 1/3 and Khadija 1/3
- B. Sule 1/5, Ahmad 15 and Khadija 3/5
- C. Sule 2/5, Ahmad 2/5 and Khadija 1/5
- D. Sule 2/5, Ahmad 1/5 and Khadija 2/5
Correct Answer: C. Sule 2/5, Ahmad 2/5 and Khadija 1/5
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