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Question

A, B & C partners sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. Calculate the new profit sharing ratio of A & C if B gives his share to A & C in ratio of 3:1.

A
7:2
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B
25:11
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C
11:7
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D
2:1
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Solution

The correct option is B 25:11
Old ratio (A, B and C ) = 4 : 3 : 2
B's share = 3/9
B's share taken by A = (3/9) * (3/4) = 3/12
B's share taken by C = (3/9) * (1/4) = 1/12
New ratio = Old ratio + Share taken from B
A's new share = (4/9) + (3/12) = 25/36
C's new share = (2/9) + (1/12) = 11/36
Therefore, new share of A and C = 25 : 11

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