L, N and T are partners sharing profits in the ratio of 5:3:2. If N retires, the gaining ratio of L & T would be.......
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 5:2
With no new ratio given, the continuing partners take over the retiring partner’s share in their old profit sharing ratio, so the gaining ratio is their old ratio.
Old ratio of L, N and T = 5:3:2
N retires; L and T continue
Gaining ratio of L and T = their old ratio = 5:2
NCERT (2026-27 edition):
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