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A B C share profits in 2:3:5. C retires and A B's new ratio is 3:2. Which is the actual gaining ratio?

Answer and explanation

Correct answer: 4:1

A's gain is six tenth minus two tenth which is four tenth and B's gain is four tenth minus three tenth which is one tenth. So the ratio is 4:1.

Related tags

Goodwill-SettlementGaining-RatioNumericalGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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