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Question
Rey and Ley Associates is having three partners named as Rakesh, Leena and Sanjana. Their Capitals were ₹ 4,00,000; ₹ 40,000 and ₹ 1,60,000 respectively. Sanjana retired on March 31, 2023 and sold her share of profits by taking ₹ 30 000 from Rakesh and ₹ 20,000 from Leena. Determine the new ratio.
Options
1 : 1
7 : 8
3 : 2
8 : 7
MCQ
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Solution
8 : 7
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