A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. On 1st April
2010, B retires. His share is taken over by A and C in equal proportion. Profit of
the firm for the year ending on 31st March, 2011 was Rs 60,000. Calculate the
new profit-sharing ratio and the amount of profit to be credited to A and C.
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Answer:
profit sharing ratio=2:1
profit=A=40000, B=20000
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