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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 5 days ago
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