XYZ are partners Sharing in 4:3:3 ratio Z retired and his shares was taken over by X and Y equally .Calculate New Ratio
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Answer:
New Ratio =
X : Y = 11 : 9
Explanation:
Old Ratio =
X : Y : Z = 4 : 3 : 3
- X's Share =
- Y's Share =
- Z's Share =
Z retired and his shares was taken over by X and Y equally :
- Z's Share =
Z's Shares was taken over by X and Y equally :
X's new Share =
Y's new Share =
New Ratio =
X : Y
Therefore,
- New Ratio =
- X : Y = 11 : 9
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