[CBSE] Q. 10 solution of Retirement of Partner TS Grewal Class 12 (2026-27)

Solution to Question number 10 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.

Murli, Naveen, and Om are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favor of Naveen and the remaining share in favour of Omprakash. Calculate the new profit sharing ratio and gaining ratio of the remaining partners.

[Ans.: New Profit Sharing Ratio – 3 : 1; Gaining Ratio – 2 : 1.]

Solution:-