On 1st April, 2019 A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2 respectively. On this date B retires. The new profit sharing ratio of A and C will be 3 : 2. Gaining ratio will be :
Answer & explanation
Correct answer: option 1
Gain of A=3/5-5/10=1/10
Gain of C=2/5-2/10=2/10
GR=1:2
Gain of C=2/5-2/10=2/10
GR=1:2