3 :- Keshav, Nirmal and Pankaj are partners sharing profits in the ratio of 5:3:2. Pankaj died and his share is taken by Keshav.
Calculate new profit-sharing ratio of Keshav and Nirmal.
Solution :- Calculation of new profit sharing ratio of Keshav and Nirmal
Keshav = 5/10 + 2/10 = 7/10
Nirmal = 3/10 + 0 = 3/10
Thus, New profit sharing ratio of Keshav and Nirmal is 7:3