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A B and C share profits in 2:3:5. C retires. If A and B take C share in 1:4 what will be the gaining ratio?

Answer and explanation

Correct answer: 1:4

Gaining ratio is the ratio in which the retiring share is acquired. Here A and B acquire it in 1:4.

Related tags

Gaining RatioSpecified AcquisitionNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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