X, Y and Z are partners sharing Profits and Losses in the ratio of 8 : 7 : 5. Z retires and his share is taken equally by X and Y. Find the new profit sharing ratio.

- a)19 : 21
- b)7 : 5
- c)5 : 7
- d)21 : 19

Correct answer is option 'D'. Can you explain this answer?

Related Test: Test: Retirement And Death Of A Partner - 1

3 Answers

Shriyanshu Keshari
answered
Oct 19, 2018

D is right answer as X =8/20+5/40=21/40 Y = 7/20+5/40=19/40 new ratio = 21:19

Atul Agrawal
answered
Jul 25, 2018

X and Y got 5/40 each from Z

So New Share of X= 8/20+ 5/40 = 21/40

New Share of Y = 7/20+5/40 = 19/40

New PSR = 21:19

Hence d) is right answer

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