Kola and Sunday are in partnership sharing profits and losses equally. If Kemi is admitted as a new partner to take 1/5 as her share, what is the new profit or loss sharing ratio?
A.
Kola 1/3, Sunday 1/3 and Kemi 1/3
B.
Kola 1/5, Sunday 1/5 and Kemi 3/5
C.
Kola 2/5, Sunday 1/5 and Kemi 2/5
D.
Kola 2/5, Sunday 2/5 and Kemi 1/5
Correct Answer: Option D
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