SOLUTION: Debbie and kevin share profits in the ratio of 4:3 they admit jessie into the partnership for 1/5 share of the profits.
Debie and Kevin will continue to share profits in the sa
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Question 637892: Debbie and kevin share profits in the ratio of 4:3 they admit jessie into the partnership for 1/5 share of the profits.
Debie and Kevin will continue to share profits in the same ratio as between themselves.
What will be the profit sharing ratio of the new partnership of Debbie, Kevin and Jessie?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
They keep the ratio of profit at 4:3
J has 1/5 share, so D and K have
4/5 share together.
D has share
K has share
J has or share
-----------------------------
Note that
as it should
The ratios now are:
D:K:J = 16:12:7
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