Practicing Success
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 share to A & C in the ratio of 3:1, then: |
25:11 36:25 11:25 27:25 |
25:11 |
Old ratio 4:3:2 |