Daniel is admitted for 1/4 share of profits.
Remaining share available for Naveen and Ghanshyam = 1−41=43
This remaining share of 43 is to be divided between Naveen and Ghanshyam in the ratio 2:1.
Naveen's share = 43×32=42=21
Ghanshyam's share = 43×31=41
Daniel's share = 41
New Profit Sharing Ratio:
Naveen : Ghanshyam : Daniel = 21:41:41
Multiplying by 4 to remove fractions:
= 2 : 1 : 1
Verification: 42+41+41=44=1 ✓
The correct answer is Option 2: 2:1:1