Q. 8 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

Here are the solutions of Question number 8 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

P, Q, R and S were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. On 31st March, 2022, P retired from the firm. P’s share was taken over by Q, R and S in the ratio of 1 : 2 : 3. Calculate the new profit sharing ratio of Q, R and S.

[Ans. New Profit Sharing Ratio 11 : 10 : 9.]

Solution:-