Naveen, Suresh and Tarun are partners, sharing profits and losses in the ratio of 5:3:2. Suresh retires from the firm and his share was acquired by Naveen and Tarun in the ratio of 2:1. Calculate the new share of profit.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 7:3
When the continuing partners take the retiring partner’s share in a ratio other than their old ratio, each one’s new share = old share + share acquired from the retiring partner.
Suresh’s share = 3/10
Share acquired by Naveen = 2/3 of 3/10 = 2/10
Share acquired by Tarun = 1/3 of 3/10 = 1/10
Naveen’s new share = 5/10 + 2/10 = 7/10
Tarun’s new share = 2/10 + 1/10 = 3/10
New profit sharing ratio of Naveen and Tarun = 7:3
NCERT (2026-27 edition):
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