Practicing Success
P, Q and R were partners sharing profits in the ratio 2 : 2 : 1 .Q retires and the new profit sharing ratio of P and R will be 3 : 1. Gaining ratio will be : |
01:07 07:01 01:02 05:04 |
07:01 |
Gain of P=3/4-2/5=7/20 Gain of R=1/4-1/5=1/20 GR=7:1 |