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A, B and C are partners sharing profits in the ratio of 6 : 5 : 4. Calculate new profit sharing ratios if (i) A retires; (ii) B retires; (iii) C retires.

[Ans. (i) 5 : 4; (ii) 6 : 4; (iii) 6 : 5]

Anurag Pathak Answered question October 11, 2024
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