A, B and C are the partners sharing profit and loss in the ratio of 1

1.	A, B and C are the partners sharing profit and loss in the ratio of 12,13, and 1/6 respectively.(A) If A retires(B) If B retires(C) If C retires.
Answer» Old profit and loss ratio of partners A, B and C ⇒ 3 : 2 : 1. Now, here no other information related to the new profit-loss ratio is given, old ratio of continuing partners remains as new profit-loss ratio and gaining ratio. (i) If A retires ⇒ New profit-loss ratio of partner B and C = 2 : 1 ; New gaining ratio = 2 : 1 (ii) If B retires ⇒ New profit-loss ratio of partner A and C = 3 : 1 ; New gaining ratio = 3 : 1 (iii) If C retires ⇒ New profit-loss ratio of partner A and B = 3 : 2 ; New gaining ratio = 3 : 2

A, B and C are the partners sharing profit and loss in the ratio of 12,13, and 1/6 respectively.(A) If A retires(B) If B retires(C) If C retires.

Answer»

Old profit and loss ratio of partners A, B and C ⇒ 3 : 2 : 1.

Now, here no other information related to the new profit-loss ratio is given, old ratio of continuing partners remains as new profit-loss ratio and gaining ratio.

(i) If A retires ⇒ New profit-loss ratio of partner B and C = 2 : 1 ; New gaining ratio = 2 : 1
(ii) If B retires ⇒ New profit-loss ratio of partner A and C = 3 : 1 ; New gaining ratio = 3 : 1
(iii) If C retires ⇒ New profit-loss ratio of partner A and B = 3 : 2 ; New gaining ratio = 3 : 2

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