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Economy question from FAA exam, 2022 by JKSSB

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.
What will be the new profit-sharing ratio?

Last updated Jun 24, 2026
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.

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JKSSB FAA 2022

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Exam JKSSB
Recruitment FAA
Year 2022
Subject Economy
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