P, Q and R are partners sharing profits in the ratio of 8:5:3. P retires. Q takes 3/16th share from P and R takes 5/16th share from P. What will be the new profit sharing ratio?
A. 1:1
B. 10:6
C. 9:7
D. 5:3
Answer:A
P, Q and R are partners sharing profits in the ratio of 8:5:3. P retires. Q takes 3/16th share from P and R takes 5/16th share from P. What will be the new profit sharing ratio?
A. 1:1 B. 10:6 C. 9:7 D. 5:3