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A B and C share 2:7:1. A retires and B and C take A share equally. What will be the new ratio?

Answer and explanation

Correct answer: 4:1

A share is 2/10 and equal taking gives B and C 1/10 each. New shares are 8/10 and 2/10 so the ratio is 4:1.

Related tags

Equal AcquisitionRetirementNew RatioNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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