Practicing Success
B, P and L are partners in a firm sharing profits in the ratio 4:3:2. B retires, P and L decided to share profits in the future in the ratio of 5 : 3. Gaining ratio will be : |
11:21 21:11 11:13 13:11 |
21:11 |
The correct answer is option 2- 21:11. Gained share = New share - Old share. Gain of P = 5/8 - 3/9 Gain of L = 3/8 - 2/9 Gaining Ratio = 21/72 : 11/72 |