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Question
X, Y and Z are partners sharing profits and losses in the ratio of 5:4:3. Calculate the new ratios when :
(i) X retires, (ii) Y retires, (iii) Z retires.
X, Y and Z are partners sharing profits and losses in the ratio of 5:4:3. Calculate the new ratios when :
(i) X retires, (ii) Y retires, (iii) Z retires.
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Solution
New ratio of the remaining partners will be calculated by striking out the share of the retiring partner. Thus,
(i) When X retires, the new ratio between Y and Z is 4 : 3
(ii) When Y retires, the new ratio between X and Z is 5 : 3
(iii) When Z retires, the new ratio between X and Y is 5 : 4
New ratio of the remaining partners will be calculated by striking out the share of the retiring partner. Thus,
(i) When X retires, the new ratio between Y and Z is 4 : 3
(ii) When Y retires, the new ratio between X and Z is 5 : 3
(iii) When Z retires, the new ratio between X and Y is 5 : 4
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