Read the following passage and answer the question.
Ravi, Kavi and Sunny are partners in a firm sharing profits and losses in the ratio 4 : 2 : 3. On 1st April 2022, Sunny gives notice for his retirement. His share was taken by Ravi and Kavi in 13 : 11 and goodwill of the firm was valued at ₹ 72000.
After three months, they admit Hari as a new partner for $\frac{1}{5}$th share in firm who brings ₹ 2,00,000 as capital and necessary amount for goodwill in cash which was valued ₹ 80,000 for the firm. Hari acquired his share equally from Ravi and Kavi.
Identify the gaining ratio between Ravi and Kavi on retirement of Sunny.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) - 13 : 11.
Sunny retires. His share was taken by Ravi and Kavi in 13 : 11.
This is the gaining ratio.