A, B and C were partners sharing profits in the ratio of 7 : 5 : 3. Find out the gaining ratio and new ratios when (i) A retires, (ii) B retires or (iii) C retires
A, B and C were partners sharing profits in the ratio of 7 : 5 : 3. Find out the gaining ratio and new ratios when (i) A retires, (ii) B retires or (iii) C retires.
[Ans. Gaining Ratios – (i) 5 : 3; (ii) 7 : 3; (iii) 7 : 5, New Ratios – (i) 5 : 3; (ii) 7 : 3; (iii) 7 : 5]
Anurag Pathak Answered question October 11, 2024
