A and B are partners, sharing profits in the ratio of 5 : 3. They admit C for 1/5th share in profits, which he acquires equally from both A and B. New profit sharing ratio will be:
1
21 : 11 : 8
2
20 : 10 : 4
3
15 : 10 : 5
4
More than one of the above
5
None of the above