Amit, Sumit, and Punit share profit and losses in the ratio of 2:3:1, respectively. Amit retires and the remaining partners decide to take Amit’s share equally. Calculate the gaining ratio.

3:1

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2:1

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1:2

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1:1

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Solution

The correct option is D
1:1

The remaining partners decide to share Amit’s share equally. So, Gaining ratio = 1:1

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