A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. They agreed to take D into partnership and gave him $$\frac{1}{8}$$ share. What will be their new profit sharing ratio?
A. 4 : 3 : 2 : 1
B. 28 : 21 : 14 : 9
C. 28 : 21 : 14 : 8
D. 4 : 1 : 2 : 1
Answer: Option B
This Question Belongs to Commerce >> Accounting
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