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  • 09-07-2020
  • Business
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X Y and Z are partners sharing profit in the ratio of 2 by 3 ratio 1 by 4 ratio 1 by 12 calculate the new ratio if x retires ​

X Y and Z are partners sharing profit in the ratio of 2 by 3 ratio 1 by 4 ratio 1 by 12 calculate the new ratio if x retires class=

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PiaDeveau PiaDeveau
  • 14-07-2020

Answer:

Y : Z = 3 : 1

Explanation:

Given:

X's share = 2/3

Y's share = 1/4

Z's share = 1/12

Find:

New ratio, when X retires ​

Computation:

X retires , So remain partners are 'Y' and 'Z'

Y's share = 1/4

Z's share = 1/12

Y : Z = 1/4 : 1/12

By taking LCM:

Y : Z = 3/12 : 1/12

Y : Z = 3 : 1

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