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A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:
  • a)
    3:2
  • b)
    2:2
  • c)
    2:3
  • d)
    None
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and...
As nothing has been mentioned regarding the profit sharing ratio and partnership deed is also silent, so the profit sharing ratio is 1:1:1. 
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A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and...
's insistence, they decide to distribute the profits in the ratio of their capitals. If the total profit at the end of the year is Rs. 1,50,000, then the share of each partner is:

A's share = 1,00,000/2,25,000 * 1,50,000 = Rs. 66,666.67
B's share = 75,000/2,25,000 * 1,50,000 = Rs. 50,000
C's share = 50,000/2,25,000 * 1,50,000 = Rs. 33,333.33

Therefore, A's share is Rs. 66,666.67, B's share is Rs. 50,000 and C's share is Rs. 33,333.33.
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Community Answer
A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and...
)

A, B and C are partners sharing profits and losses equally. B retired from the firm, C gained

3 of B's share and of B's share was transferred to Reserve

. Remaining was taken over ة

(Ans.: New Ratio of A: C is 9:8)

by A. Calculate New Profit sharing ratio.
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A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer?
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