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Question
A and B are partners sharing profit or loss in the ratio of 4 : 1. A surrenders `1/4` of his share and B surrenders 112 of his share in favour of C, a new partner. What will be the C’s share?
Options
`3/4`
`1/5`
`1/10`
`3/10`
MCQ
Solution
`3/10`
shaalaa.com
Retirement and Death of a Partner - Calculation of New Profit Sharing Ratio
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