Question

Chapter 5 - Retirement/Death of a Partner 5.3
(1) AB Mid were partners, sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new
profit-sharing ratio of the remaining partners if: (a) A retires, (b) B retires and (c) Cretires.
() X, Y and Z are partners sharing profits in the ratio of 5/10 : 4/10 : 1/10. Find out the new
profit-sharing ratio of the remaining partners if: (a) X retires, (b) Y retires and (c) Z retires.
Illustration 1 Art 1)​

Answer 1

ANSWER

The share of retire partner amongst continuing partner 

formula is,

gaining ratio=new ratio-old ratio 

then,

new ratio=old ratio+raining ratio   

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