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Question
A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. A and C retire from the firm. Calculate the new profit sharing ratio of B and D.
Numerical
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Solution
Old ratio = A : B : C : D = 4 : 3 : 2 : 1
A and C retire. Therefore, B and D continue in their existing ratio:
B : D = 3 : 1
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