Question

iii) A, B and C are partners sharing profit and losses in the ratio of 3: 2:1. B retired. The new profit sharing ratio between A and C will be (a) 3:1 (b) 2:1 (c) 1;1 (d) 5:3 A, ​

Answer 1

Answer:

A : B : C = 3 : 2 : 1

B retires

New ratio of A : C = 3 : 1

Explanation:

Option a) 3 : 1 is the correct answer