A, B & C are partners in a partnership firm sharing profits in the ratio of 4:3:2. C retires from the business. A acquired 4/9 of C's share and the balance is acquired by B.
How much did A gain from C's retirement?
Answer & explanation
Correct answer: option 2
C share is 2/9
A acquire 4/9th of 2/9 means 4/9*2/9= 8/81