Question No 21 of TS Grewal (CBSE)
Gold and Silver are the partners sharing profits and losses in the ratio of 2:5. They admit Copper on the condition that he will bring Rs. 14,000 as his share of goodwill to be distributed between Gold and Silver. Copper’s share in the future profits or losses will be 1/4th. What will be the new-profit sharing ratio and what amount of goodwill brought in by Copper will be received by Gold and Silver?
Solution No 21 of TS Grewal (CBSE)