A, B and C are equal partners. C retires. He surrenders 3/5th of his share in favour of A and 2/5 the in favour of B. New ratio will be :
Answer & explanation
Correct answer: option 3
Gain of A= 1/3*3/5=1/5
Gain of B= 1/3*2/5=2/15
New Share of A= 1/3+1/5=-8/15
New Share of B=1/3+2/15=7/15
NPR=8:7
Gain of B= 1/3*2/5=2/15
New Share of A= 1/3+1/5=-8/15
New Share of B=1/3+2/15=7/15
NPR=8:7