​ K, L, M, N and O are in partnership sharing profits and losses as 6/25, 8/25, 4/25, 2/25 and 3/25 and respectively. ​

Question

K, L, M, N and O are in partnership sharing profits and losses as\(\frac{6}{25}, \frac{8}{25}, \frac{4}{25}, \frac{2}{25} \,and\, \frac{5}{25}\) and respectively. ‘K’ retires and others continue to share with their ratios immediately before the retirement of K. Calculate the new profit sharing ratio.

Answer 1

New profit sharing ratio is 8:4:2:5