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Home Questions VN2ADRBHAK
Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. A retired, B and C decided to take his share in the ratio of 3 : 2. Calculate B's gain.

Options:

4/15

12/48

18/3

12/40

Correct Answer:

4/15

Explanation:

The correct answer is option 1- 4/15

Old ratio = 4:3:2 (A, B and C)
Gaining ratio = 3:2 ( B and C)

Gain of B = 4/9 x 3/5
              = 4/15

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