Practicing Success
P, Q & R are partners in a partnership firm named RAWAT SOLUTIONS and sharing profits in the ratio of 4:3:1. Q retires and sold his share of profits to other partners for ₹8100. ₹3600 was paid by P and ₹4500 was paid by R. Profit for the year after Q's retirement is ₹10500. |
In which ratio ₹10500 profit will be divided among partners? |
4:3:1 3:1 4:1 2:1 |
2:1 |
The correct answer is option 4 i.e. 2:1 As Q is retired from the firm and the profit is after his retirement so it will be distributed in the new ratio means 2:1. *Old ratio is 4:3:1 |