Practicing Success
P, Q & R are partners in a partnership firm named RAWAT SOLUTIONS and sharing profits in the ratio of 4:3:1. Q retires and sold his share of profits to other partners for ₹8100. ₹3600 was paid by P and ₹4500 was paid by R. Profit of the year after Q's retirement is ₹10500. |
What will be the new profit sharing ratio? |
2:1 1:2 4:5 5:4 |
2:1 |
Old ratio is 4:3:1 |