Q. 3 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

Here are the solutions of Question number 3 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

L, M and O were partners in a firm sharing profits in the ratio of 3 : 2 : 2. M retired and his share was divided equally between L and O. Calculate the new profit sharing ratio of L and O.

[Ans. 4 : 3]

Solution:-