Naveen, Suresh and Tarun are partners sharing profits and losses in the ratio of 5:3:2. Tarun retires from the firm and his share was taken over by Naveen and suresh in the ratio 2:1. In such a case, the new share of profit will be:
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 19:11.
Old ratio = 5:3:2 (Naveen, Suresh and Tarun)
Tarun retires
Gaining ratio = 2:1
Gained share of Naveen = 2/10 x 2/3
= 4/30
Gained share of Suresh = 2/10 x 1/3
= 2/30
New share = Old share + Gained share
New share of Naveen = 5/10 + 4/30
= (15+4)/30
= 19/30
New share of Suresh = 3/10 + 2/30
= (9+2)/30
= 11/30
New ratio = 19/30 :11/30
= 19:11