P, Q and R are partners and share profit in the ratio of 5:3:2. R retires and surrenders 3/5th of his share in favour of P and 2/5th of the share to  Find new profit sharing ratio:
A. 7 : 3
B. 1 : 2
C. 31 : 19
D. None of these
Answer:C
P, Q and R are partners and share profit in the ratio of 5:3:2. R retires and surrenders 3/5th of his share in favour of P and 2/5th of the share to  Find new profit sharing ratio:
A. 7 : 3 B. 1 : 2 C. 31 : 19 D. None of these