A, B, and C were in partnership, sharing profits in the ratio of 3:2:1 respectively, B retires and the new profit sharing ratio between A and C is 3:2. The gaining ratio is: |
3:7 7:3 3:2 2:3 |
3:7 |
The correct answer is option 1- 3:7. Old ratio = 3:2:1 (A, B and C) Gained share = New share - Old share A's gained share = 3/5 - 3/6 B's gained share = 2/5 - 1/6 Gaining ratio = 3/30 : 7/30 |