Read the following passage and answer the following question.

A, B & C are partners sharing profits in proportion to their capital. A retired from the firm on 1st April 2021 and the remaining partners decided to carry on the partnership with a profit-sharing ratio of 4:3. At the time of retirement, their capital accounts show balance- A- ₹2,00,000, B- ₹3,00,000, and C ₹2,00,000. The assets and liabilities of the partnership firm are as follows-
Creditors- ₹50,000
General reserve- ₹35,000
Workmen Compensation fund ₹15,000
Cash balance- ₹1,00,000
Stock- ₹1,00,000
Machinery- ₹3,00,000
Land- ₹2,00,000
Debtors after provision for doubtful debts (10,000)= ₹1,00,000

How much did B & C gain from the retirement of A?

1/7 & 1/7

The correct answer is option 3- 1/7 & 1/7.

Old ratio= 2:3:2
New ratio= 4:3
A retire from the firm

Gained share = New share - Old share

B gain = 4/7 - 3/7
           = 1/7

C gain = 3/7 - 2/7
           = 1/7

Gaining ratio = 1/7 :1/7