Q. 88 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

Here are the solutions of Question number 88 Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

A, B and C are partners with capitals of ₹ 1,00,000; ₹ 75,000 and ₹ 50,000 respectively. They share profits and losses in the ratio of their capital. C retires, His share is acquired by A and B in the ratio of 2 : 1. Calculate the new profit sharing ratio and gaining ratio.

[Ans. New Ratio 16 : 11; Gaining Ratio 2 : 1]

Solution:-