A, B and C are partners sharing profit or loss in the ratio of 4 : 3 : 2. C retires and after C's retirement A and B agreed to share profit or loss in the ratio of 4:3 in future. Their gaining ratio will be:
Answer & explanation
Correct answer: option 1
Gain of A= 4/7-4/9
= (36-28)/63 = 8/63
Gain of B = 3/7-3/9
= (27-21)/63 = 6/63
GR= 8:6 OR 4:3