Question

L, M, N, are partner sharing profit in 2:2:1.They decided that N will get 1/4th share in future profit.. Find NPSR

Answer 1

Answer:

Various cases of new ratio and gaining ratios are explained as follows: When retiring partner's share acquired by continuing partners in old ratio: When the continuing partners acquires the retiring partner's share in old ratio. X, Y and Z are partners sharing profits and losses in the ratio of 4: 3: 2