Practicing Success
A, B & C are partners sharing profits and losses in the ratio of 4:3:2. B decides to retire and the goodwill of the firm is valued at ₹72000 on the retirement. Remaining partners decide to share the future profits and losses in ratio of 5:3. |
What will be the gain of C on the retirement of B? |
13/72 12/72 11/72 15/72 |
11/72 |
Old ratio 4:3:2 |