Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

After a partner’s retirement, the new profit-sharing shares of the two remaining partners are \(\frac{3}{8}\) and \(\frac{5}{8}\), respectively. What will be their new profit-sharing ratio?

Answer and explanation

Correct answer: 3:5

The new ratio is the ratio of the partners’ new shares: \(\frac{3}{8}:\frac{5}{8}\). Since the denominators are equal, they cancel, giving \(3:5\). Option B reverses the order of the partners’ shares. Exam tip: For fractions with the same denominator, compare their numerators to obtain the ratio.

Related tags

New RatioPartner RetirementProfit Sharing RatioRatio ConversionAccountancy Class 12New RatiosReconstitution Retirement Or Death Of A PartnerAccountancy

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.