=+6. tTwo professional firms agree to amalgamate their practices. The first firm consists of three partners. A, Β and C, who share profits in the ratio 5:4:3 with a total capital of £6,000 shared in the same proportions.

The second firm has two partners, D and E, sharing profits and a total capital of £5,000 in the ratio 3:2. In the combined practice, A, Β and D are each to take one-quarter and C and Ε one-eighth of the profits after providing for a salary of £900 per annum to both C and E. The Capital of the new firm is to be £16,000, shared A, Β and D £4,000 each and C and Ε £2,000 each.