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.
A. 50% : 25%
B. 50% : 20%
C. 25% : 50%
D. 25% :25%
Correct Answer:
Option A – 50% : 25%
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