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Question
X, Y and Z share profits in the ratio of 1/2, 3/10, 1/5. Calculate the gaining ratio and new ratios when Y dies.
Numerical
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Solution
When Y dies
Remaining partners: X and Z
Gaining ratio = 5 : 2
New ratio = 5 : 2
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Chapter 4: Retirement or Death of a Partner - PRACTICAL QUESTIONS [Page 4.103]
