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X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y. Calculate new ratio and gaining ratio.

[Ans. New Ratio 5 : 4; Gaining Ratio 8 : 7]

Anurag Pathak Answered question 5 days ago
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