Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. The gaining ratio of the remaining partners is-
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 2:1.
Murli, Naveen and Omprakash old ratio = 3/8, 1/2 and 1/8
Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash.
Murli share = 3/8
Naveen gaining share = 3/8 x 2/3
= 6/24
Omprakash gaining share = 3/8 - 6/24
= (9-6)/24
= 3/24
Gaining ratio = 6/24 : 3/24
= 6:3 or 2:1