9 :- A, B and C are partners sharing profits in the ratio of 5:3:2. C retires and his share is taken by A. Calculate new profit-sharing ratio of A and B.
Solution:-
Old ratio = 5:3:2
C retires and his share is taken over by A
Calculation of new profit sharing ratio
A = 5/10 + 2/10 = 7/10
B = 3/10 + 0 = 3/10
Thus, new psr of A and B is 7:3