P, Q and R are partners sharing profits in the ratio of 4 : 3 : 2. Q retires and his share was taken up by P and R in the ratio 3 : 2. New profit sharing ratio will be :
A. 16 : 29
B. 29 : 16
C. 3 : 2
D. 2 : 3
Answer:B
P, Q and R are partners sharing profits in the ratio of 4 : 3 : 2. Q retires and his share was taken up by P and R in the ratio 3 : 2. New profit sharing ratio will be :
A. 16 : 29 B. 29 : 16 C. 3 : 2 D. 2 : 3