A, B & C are partners sharing profits and losses in the ratio of 6:5:4 with capitals ₹100000, ₹80000 & ₹60000 respectively. A decides to retire and the goodwill of the firm is valued at ₹180000 on the retirement. The remaining partners decide to share the future profits and losses in the ratio of 1:4.
How much will C gain on the retirement of A?
Answer & explanation
Correct answer: option 2
Old ratio 6:5:4
After A retirement new ratio is 1:4
C gain= 4/5-4/15= 8/15