R A, B, C and D are partners sharing profits in the ratio 4:3:2:1. A and
C retire from the firm. Calculate the new profit sharing ratio and gaining
ratio.
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Ratio of A,B,C,D is 4:3:2:1
As C retires
The ratio of A,C,D is 4:3:1
Gaining ratio is also 4:3:1
As C retires
The ratio of A,C,D is 4:3:1
Gaining ratio is also 4:3:1
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