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in Accounting for Retirement and Death of Partner by (63.7k points)

A, B and C are partners in a firm sharing profits in the ratio of 4 : 3 : 1. B retires selling his share of profit to A and C for Rs 8,100, Rs 3,600 being paid by A and Rs 4,500 by C. Calculate new profit sharing ratio and gaining ratio.

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A and C divide B’s share: 3,600:4,500 or 4:5
A and C divide B’s profit in ratio of 4:5.

New profit share ration = Old ratio + Gain ration

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