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Question
A, B and C are partners sharing profits in the ratio of `1/2:1/4:1/4`. On the retirement of B, the new ratio will be ______.
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`. On the retirement of B, the new ratio will be 2:1.
Explanation:
A, B and C's old ratio
= `1/2:1/4:1/4`
A : C = `1/2:1/4`
= 2 : 1
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