Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1 and Pammy retires. In the absence of any information regarding the acquisition of share in profit of the retiring partner (Pammy) by the remaining partners, it is assumed that they will acquire his/her share in ____________.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Old Profit Sharing Ratio
NCERT (2026-27 edition):
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