Practicing Success
L, P and G are three partners sharing profits in the ratio 15 : 9 : 8. G retires. L and P decided to share profits in equal ratio. Gaining ratio will be : |
15:09 09:15 07:01 01:07 |
01:07 |
Gain of L = 1/2-15/32=1/32 Gain of P= 1/2-9/32=7/32 GR=1:7 |