A, B, C are partners in a firm sharing profits and losses in ratio 5:3:4. If Partner B dies than new profit sharing ratio will be ______.

5:4

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3:2

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Equal

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1:2

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Solution

The correct option is D 5:4
Since there are 3 partners and partner B dies. In the absence of other information, it is assumed that both the continuing partners are gaining equally, hence their old ratio will increase in the same proportion.
New profit sharing ratio will be 5:4.

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A, B, C are partners in a firm sharing profits and losses in ratio 5:3:4. If Partner B dies than new profit sharing ratio will be ______.

The correct option is D 5:4Since there are 3 partners and partner B dies. In the absence of other information, it is assumed that both the continuing partners are gaining equally, hence their old ratio will increase in the same proportion. New profit sharing ratio will be 5:4.

The correct option is D 5:4
Since there are 3 partners and partner B dies. In the absence of other information, it is assumed that both the continuing partners are gaining equally, hence their old ratio will increase in the same proportion.
New profit sharing ratio will be 5:4.