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.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- 4/15.
Old ratio = 4:3:2 (A, B and C)
A retires
Gaining ratio = 3:2 ( B and C)
Gain of B = 4/9 x 3/5
= 4/15