P, Q, R and S were partners sharing profits in the ratio of 5: 4:3:1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio of Q and R. [Ans. Gaining Ratio -4:3 and New Ratio - 4:3.]

P, Q, R and S were partners sharing profits in the ratio of 5: 4:3:1.

1.	P, Q, R and S were partners sharing profits in the ratio of 5: 4:3:1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio of Q and R. [Ans. Gaining Ratio -4:3 and New Ratio - 4:3.]
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P, Q, R and S were partners sharing profits in the ratio of 5: 4:3:1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio of Q and R. [Ans. Gaining Ratio -4:3 and New Ratio - 4:3.]​

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P, Q, R and S were partners sharing profits in the ratio of 5: 4:3:1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio of Q and R. [Ans. Gaining Ratio -4:3 and New Ratio - 4:3.]