Question

X,y,z are partners sharing profit ratio is 1/2,2/5/1/10.Find the new ratio of x and y if z retire?

Answer 1

Answer:

Profit sharing ratio given as 1/2 , 2/5 and 1/10 i.e 5:4:1 after simplification. Now, as Z retires; by striking of Z's share the new profit sharing ratio between X and Y will be 5:4.