Sule and Ahmed are in partnership sharing profit and losses equally. If Khadija is admitted as a new partner to take 1/5 th as her share. What is the new profit or loss sharing?
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Correct Answer: Option B
Explanation:
If Khadija is to take 1/5th i.e. 20%
 Sule and Ahmed are to share 80% (100% - 20%) equally
 Sule = 2/5
 Ahmed = 2/5
 Khadija = 1/5
If Khadija is to take 1/5th i.e. 20%
 Sule and Ahmed are to share 80% (100% - 20%) equally
 Sule = 2/5
 Ahmed = 2/5
 Khadija = 1/5