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A and B old mutual ratio was 3:2. After C dies A and B new ratio is 7:5. What is A gained share?

Answer and explanation

Correct answer: 1/60

A new share is 7/12 and old share is 3/5. Difference 7/12 - 3/5 = -1/60 so A has actually sacrificed.

Related tags

Gain ComparisonSacrificeNew RatioNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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