(March-10) Anil, Bharath and Chandra are partners sharing profits and losses in the ratio be 5:4:3. Anil retires. Bharath gets 1/4th and Chandra gets 1/6th of Anil's share. Calculate the new profit and loss sharing ratio of Bharath and Chandra.
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Explanation:
Bharath Old Share = 4/12
Bharat gets Share after Anil Retirement = 1/4
Bharat New Share = 4/12 + 1/4 = 28/12
Chandra Old Share = 3/12
Chandra gets share after Anil Retirement = 1/6
Chandra New Share = 3/12 + 1/6 = 30/12
Therefore New Share = 28 : 30 or 14 : 15
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