A and B are partner in partnership firm. They admitted C for $${\frac{1}{4}^{{\text{th}}}}$$ share in profit. New profit sharing ratio between A, B and C is
A. 3 : 2 : 1
B. 3 : 1 : 2
C. 3 : 3 : 2
D. 3 : 3 : 3
Answer: Option C
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A+B= 1-1/4=3/4. Let A=B.
So A=3/4*2
B=3/4*2
A:B:C=3/8:3/8:1/4=3:3:2
This is correct. But how