A, B & C are partners in a partnership firm sharing profits and losses in the ratio of 4:3:2. B decides to retire from the firm. Calculate the new profit sharing between the remaining partners in the following conditions- |
If B gives his whole share to A only. |
2:3 3:2 2:7 7:2 |
7:2 |
The correct answer is option 4- 7:2. B share = 3/9 A new share = 4/9 + 3/9 C new share remains same means 2/9 So, the new ratio is 7/9:2/9 or 7:2 |