M and N are partners in the ratio of 5 ∶ 3. P is admitted as a partner and he takes \(\frac{1}{5}\)th of M's share. N gives \(\frac{1}{8}\) from his share to P. What is the New Profit Sharing Ratio?
1
2 ∶ 1 ∶ 1
2
2 ∶ 2 ∶ 1
3
4 ∶ 2 ∶ 1
4
More than one of the above
5
None of the above