A,B,C are partners in sharing profit at ratio 2:2:1,B retires and his share is taken by C calculate new profit sharing ratio of A and C
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Answer:
The ratio of A's share to C's share is 2 : 3
Explanation:
Given :
A,B,C are partners in sharing profit at ratio 2 : 2 : 1
B retires and his share is taken by C
To find :
New profit sharing ratio of A and C
Solution :
• A : B : C = 2 : 2 : 1
★ Old ratio = A : B : C = 2 : 2 : 1
⇒
⇒
⇒
★ After B retires :
B retires and his share is taken by C
★ New ratio = old ratio + share from B to C
⇒
⇒
★ Ratio =
⇒ A : C = 2 : 3
Therefore,
The ratio of A's share to C's share is 2 : 3
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