A, B and C are partners in a firm sharing profits in the ratio $$\frac{2}{5}:\,\frac{2}{5}:\,\frac{1}{5}.$$ C retires from the firm and his share is bought by A and B in equal ratio. New profit sharing ratio will be.
A. $${\text{A}} = \frac{1}{2}:{\text{B}} = \frac{1}{2}$$
B. $${\text{A}} = \frac{3}{5}:{\text{B}} = \frac{2}{5}$$
C. $${\text{A}} = \frac{2}{5}:{\text{B}} = \frac{3}{5}$$
D. $${\text{A}} = \frac{1}{3}:{\text{B}} = \frac{2}{3}$$
Answer: Option A

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