$A, B$ and $C$ are partners sharing profits in the ratio of $5 : 3 : 2$ . $C$ retires and his share is taken by $A$ . Calculate new profit-sharing ratio of $A$ and $B$ .

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Solution

Old Ratio (A, B and C) = 5:3:2
C retires from the firm
His profit share = 2/10
C's share taken by A in entirely
New Ratio = Old Ratio + Share acquired from C
A's New Share = 5/10 + 2/10 = 7/10
B's New Share = 3/10 + 0 = 3/10
New Profit (A and B) = 7:3

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A,B and C are partners sharing profits in the ratio of 5:3:2. C retires and his share is taken by A. Calculate new profit-sharing ratio of A and B.

Old Ratio (A, B and C) = 5:3:2C retires from the firmHis profit share = 2/10C's share taken by A in entirelyNew Ratio = Old Ratio + Share acquired from CA's New Share = 5/10 + 2/10 = 7/10B's New Share = 3/10 + 0 = 3/10New Profit (A and B) = 7:3

$A, B$ and $C$ are partners sharing profits in the ratio of $5 : 3 : 2$ . $C$ retires and his share is taken by $A$ . Calculate new profit-sharing ratio of $A$ and $B$ .

Old Ratio (A, B and C) = 5:3:2
C retires from the firm
His profit share = 2/10
C's share taken by A in entirely
New Ratio = Old Ratio + Share acquired from C
A's New Share = 5/10 + 2/10 = 7/10
B's New Share = 3/10 + 0 = 3/10
New Profit (A and B) = 7:3