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Question
X, Y and Z are partners sharing profits in the ratio of `2/3 : 1/4: 1/12`. Calculate the new ratio if X retires.
Sum
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Solution
The ratio of X, Y and Z is `2/3 : 1/4: 1/12`
= `(4:3:1)/12`
= 4 : 3 : 1
∴ If X retires, the new ratio between Y and Z is 3 : 1
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