Practicing Success
X, Y & Z are partners sharing profits in the ratio of 2/5,2/5 &1/5. If Z retires from the firm and his share is taken by the remaining partners in a ratio of 1:2, what will be the new ratio? |
8:7 7:8 18:17 17:18 |
7:8 |
OLD RATIO= 2:2:1 |