Practicing Success
Practicing Success
CUET Preparation Today
| A, B and C share profits and losses of the firm equally. B retires from business and his share is purchased by A and C in the ratio of 2 : 3. New profit sharing ratio between A and C respectively would be : |
Equal 02:03 07:08 03:05 |
| 07:08 |
| Gain of A= 2/5*1/3=2/15 Gain of C= 3/5*1/3=3/15 New Share of A= 1/3+2/15=7/15 New Share of C= 1/3+3/15=8/15 NPR=7:8 |
