Question

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 new ratio.

• A. None of the above
• B. 2:1
• C. 1:2
• D. 1:1

Answer 1

The correct option is B

2:1

The existing ratio between Sumit and Punit= 3/6 and 1/6

Amit’s ratio (retiring partner) = 2/6

Amit’s share taken by Sumit and Punit in the ratio of 1:1

Sumit gets = 2/6 $\times$ 1/2 = 1/6

Sumit’s new share = 3/6 + 1/6 = 4/6

Punit gets = 2/6 $\times$ 1/2 = 1/6

Punit’s new share = 1/6 + 1/6 = 2/6

New ratio between Sumit and Punit is = 4:2 = 2:1