Question

X, Y, Z are partners sharing profits in the ratio $3:4:3$ Y retires, and X and Z share his profits in equal ratio. Find the new ratio of X and Z.

• A. $1:2$
• B. $2:1$
• C. $3:1$
• D. $1:1$

Answer 1

The correct option is D $1:1$

Old ratio (X, Y and Z) = 3 : 4 : 3

On retirement of Y, if X and Z decides to share future profit in equal ratio, then new profit sharing ratio between X and Z is 1 : 1