| P, Q and R have been sharing profits and losses in the ratio of 5 : 3 : 2. Q retires. His share is taken by P and R in the ratio of 2 : 1. New profit sharing ratio will be: |
06:04 07:03 07:04 06:03 |
| 07:03 |
| Gain of P= 2/3*3/10=2/10 Gain of R=1/3*3/10=1/10 New Share of P=5/10+2/10=7/10 New Share of R=2/10+1/10=3/10 NPR=7:3 |