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Madhu, Neha and Tina are partners sharin...

Madhu, Neha and Tina are partners sharing profits in the ratio of `5:3:2`. Calculate new profit sharing ratio and gaining ratio if
1. Madhu retires
2. Neha retires
3. Tina retires.

Text Solution

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Given old ratio among Madhu : Neha Tina as `5 : 3: 2`
1 If Madhu retires, new profit sharing Ratio between Neha and Tina will be
Neha : Tina = `3 : 2` and Gaining Ratio of Neha and Tina = `3 : 2`
2. If Neha retires new profit sharing Ratio between Madhu and Tina will be
Madhu : Tina = `5 : 2`
Gaining Ratio of Madhu and Tina = `5 : 2`
3. If Tina retires, new profit sharing ratio between Madhu and Neha will be:
Madhu : Neha = `5 : 3`
Gaining ratio of Madhu and Neha = 5 : 3`
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