(P, Q, R and S are partners sharing profit in the ratio 6:5:3:2. S retires froin the firm. Calculate new profit-sharing ratio) (a) 6:5:37 (b) 6:5:2 (c) 6:5:4 (d) 1:1:1
Answers
Answer:
6 : 5 : 4 is the answer for the above question
Given : P, Q, R and S are partners sharing profit in the ratio 6:5:3:2
S retires from the firm.
To Find : new profit-sharing ratio
(a) 6:5:3 (b) 6:5:2 (c) 6:5:4 (d) 1:1:1
Solution:
P, Q, R and S are partners sharing profit in the ratio 6:5:3:2
P share = 6x
Q share = 5x
R share = 3x
S Share = 2x
Total = 6x + 5x + 3x + 2x = 16x
Now S retires Hence 2x is distributed between 3 in same ratio as they have
Hence Ratio is 6 : 5 : 3
Correct option is a) 6 : 5 : 3
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