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P,Q and R have been sharing profits in the ratio of 8:5:3. P retires. Q takes 3/16th share from P and R takes 5/16th share from P. Calculate the new profit sharing ratio. |
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Answer» 1:1Explanation:OLD SHARE of Q=5/16 of R= 3/16Now as they acquired some share from PNew share of Q= 5/16+ 3/16=8/16 or 1/2 of R= 3/16 +5/16=8/16 or 1/2 ALSO, New Ratio BECOMES 1:1 |
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