Amit, Sumit, and Punit share profit and losses in the ratio of 3:2:1, respectively. Amit retires and the remaining partners decide to take Amit’s share in the existing ratio i.e. 2:1. Calculate the new ratio.
2:1
The existing ratio between Sumit and Punit= 2/6 and 1/6
Amit’s ratio (retiring partner) = 3/6
Amit’s share taken by Sumit and Punit in the ratio of 2:1
Sumit gets = 3/6 * 2/3 = 6/18
Punit gets = 3/6 * 1/3 = 3/18
New ratio between Sumit and Punit is = 6:3 = 2:1