Arpit, Harpreet and Simrit are partners sharing profit in the ratio of 3 : 2 : 1. Arpit retires and his share is taken up by Harpreet and Simrit in the ratio of 3 : 2. The new profit sharing ratio will be:
Answer & explanation
Correct answer: option 4
The correct answer is Option 4 - 19 : 11.
Old ratio = 3:2:1 (Arpit, Harpreet and Simrit).
Arpit retires and his share is taken up by Harpreet and Simrit in the ratio of 3 : 2.
Arpit share = 3/6
Gain of Harpreet = 3/6 x 3/5
= 9/30
Gain of Simrit = 3/6 x 2/5
= 6/30
New share of Harpreet = 2/6 + 9/30
= (10+9)/30
= 19/30
New share of Simrit = 1/6 + 6/30
= (5+6)/30
= 11/30
New ratio = 19/30 : 11/30
= 19 :11