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Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favour of Naveen and remaining share in favour of Omprakash. Calculate new profit-sharing ratio and gaining ratio of the remaining partners. |
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Answer» Murli, NAVEEN and Omprakash are partners sharing profits in the RATIO of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in FAVOUR of Naveen and remaining share in favour of Omprakash |
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