JKSSB Written 2022
P and Q are two partners sharing profit and losses in 3:2 ratio. They admit Y as a new partner with 1/5th share.
Answer & Explanation
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Correct Answer:
Option B —
12:8:5
Why the other options don't fit:A) 12:4:7: This would imply Q lost half his proportional share while Y took a larger portion.C) 12:5:8: This swaps the ratios of Q and Y.D) 8:5:12: This suggests the new partner Y has the largest share, which is incorrect as Y was only admitted for {1}\{5}20%.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.