Pranav, Karan, and Rahim are partners sharing profits and losses in an agreed ratio With effect from 1st April
Pranav, Karan, and Rahim are partners sharing profits and losses in an agreed ratio With effect from 1st April 2023, they agreed to share profit in the ratio of 3 : 3 : 4. To arrive at the new ratio, Rahim takes 1/5th share equally from Pranav and Karan. Calculate the old profit-sharing ratio.
[Ans.: Old Ratio – 2 : 2 : 1.]
Anurag Pathak Changed status to publish March 29, 2024