Question on: JAMB Accounting - 2001
Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, the partnership decided to admit Idris who is to take 1/4 of future profits without changing the ratio of Marhumu and Yusuf.
What is the new profit-sharing ratio of Marhumu and Yusuf?
What is the new profit-sharing ratio of Marhumu and Yusuf?
A
50% : 25%
B
50% : 20%
C
25% : 50%
D
25% :25%
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Correct Option: A
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