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Question
A, B and C are partners sharing profits in the ratio of 1/2 : 1/4 : 1/4. New ratio on the retirement of B will be ______.
Options
2 : 4
1 : 2
2 : 1
1/4 : 1/2
MCQ
Fill in the Blanks
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Solution
A, B and C are partners sharing profits in the ratio of 1/2 : 1/4 : 1/4. New ratio on the retirement of B will be 2 : 1.
Explanation:
B retires, so A and C continue with their existing shares:
A : C = 1/2 : 1/4 = 2 : 1
So the new ratio is 2 : 1.
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