Question

A, B and Care partners sharing profit and losses in 7:5: 3. Calculate new profit ratio and gaining ratio if B retires. 2Coining Ratio = 7:3).​

Answer 1

Answer:

A's old share= 7/12

B's old share= 5/12

C is admitted for 1/6th share

A's new ratio= 7/12- 1/24

= 13/24

B's new ratio= 5/12- 1/8

= 7/24

New Ratio of the firm= 13:7:4