Question

5. 'A', 'B' and 'C' are the partners sharing profit and loss in the ratio of 6:3:1.
'C' retires. Share of 'C' is taken up by 'A' and 'B' in the ratio of 3:2. Mention the
new profit-loss sharing ratio.​

Answer 1

C's share 1/10

A will gain 3/5 of 1/10 = 3/50

A new share = 6/10+3/50 = 33/50

B will gain 2/5 of 1/10 = 2/50

B new share = 3/10+2/50 = 17/50

New ratio = A-33/50,B-17/50 or 33:17