Q1280
A, B and C were partners in a business who shared profits and losses in the ratio of 1/5:\,1/3:\, 715 respectively. C retired and his share was purchased by A and B in the ratio of 3 : 2. The new profit sharing ratio of A and B will be:
A, B and C were partners in a business who shared profits and losses in the ratio of respectively. C retired and his share was purchased by A and B in the ratio of 3 : 2. The new profit sharing ratio of A and B will be:
A.
13 : 12
B.
12 : 15
C.
12 : 13
AnswerD.
14 : 15
Answer: Option C
Solution
Answer: Option C
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