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A B and C share 3:2:1. C retires and his share is taken equally by A and B. What will be the new ratio?

Answer and explanation

Correct answer: 7:5

C share is 1/6 and equal taking gives 1/12 each to A and B. New shares are 7/12 and 5/12 so the ratio is 7:5.

Related tags

Equal AcquisitionNew RatioNumericalNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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