Practicing Success
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? |
2/15 8/15 1/15 7/15 |
8/15 |
Old ratio 6:5:4 |