There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below-
Assertion: Ram, Rahim and Ron share profits in the ratio 2 : 3 : 5. Ram decides to retire. The new profit sharing ratio is 3 : 5. If the profit earned was Rs 1,50,000 before retirement. Rahim’s share is ₹ 45,000.
Reasoning: The profits of Rs 1,50,000 are to shared in the new profit sharing ratio.
Answer & explanation
Correct answer: option 3
Rahim will get 45,000 as his share of profit but the profits are shared in the old profit sharing ratio. So R is Wrong.