Search SchoolNGR

Friday, 24 April 2026
Register . Login

Kola and Sunday are in partnership sharing profits and losses equally. If Kemi is ...

Kola and Sunday are in partnership sharing profits and losses equally. If Kemi is admitted as a new partner to take 1/5 as her share, what is the new profit or loss sharing ratio?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Kola 1/3, Sunday 1/3 and Kemi 1/3
  • B Kola 1/5, Sunday 1/5 and Kemi 3/5
  • C Kola 2/5, Sunday 1/5 and Kemi 2/5
  • D Kola 2/5, Sunday 2/5 and Kemi 1/5
Correct Answer: Option D
Explanation:

Share question on: