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Question
A, B and C are partners sharing profits in the ratio of 1/2 : 3/8 : 1/8. Calculate the new ratio if C retires.
Numerical
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Solution
Old ratio:
A : B : C = `1/2 : 3/8 : 1/8`
Since C retires, A and B continue in their existing ratio:
`1/2 : 3/8`
Multiplying by 8:
4 : 3
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