Q. 84 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

Here are the solutions of Question number 84 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

H, P and S were partners in a firm sharing profits in the ratio of 4 : 3 : 1. On August 1, 2017, P died. His 20% share was acquired by H and remaining by S. Calculate the new profit sharing ratio.

[Ans. New Ratio 23 : 27]

Solution:-