Murli, Navin and Prakash are partners sharing profits in the ratio of 3:2:1.Murli retire and surrender 2/3rd of his share in favour of Navin and remaining share in favour of Prakash. Calculate new profit sharing ratio and gaining ratio of the remaining partners.
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Answer:
Old ratio= 3:4:1
Murli's share= 3/8
shared a/c by Naveen= 3/8×2/3=2/8
Remaining share =3/8-2/8=1/8
Gaining Ratio= 2/8:1/8=2:1
Naveen's New Share=4/8+2/8=6/8
prakash New share =1/8+1/8=2/8
New Profit Sharing Ratio = 3:1
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May be right
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