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Question
A, B and C were partners sharing profits in the ratio of 7 : 5 : 3. Find out the gaining ratio and new ratios when C retires.
Numerical
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Solution
C retires
Remaining partners: A and B
Gaining ratio = 7 : 5
New ratio = 7 : 5
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Chapter 4: Retirement or Death of a Partner - PRACTICAL QUESTIONS [Page 4.103]
