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P, Q and R are partners in a firm with a profit – sharing ratio of 4 : 5 : 6. If Q retires and his share of profit is transferred to P, find the new profit – sharing ratio of P and R.

P, Q and R are partners in a firm with a profit – sharing ratio of 4 : 5 : 6. If Q retires and his share of profit is transferred to P, find the new profit – sharing ratio of P and R. Correct Answer 3 : 2

n : Let the hares be in terms of X. The initial share of P = 4x The initial share of Q = 5x The initial share of R = 6x The share of Q is transferred to P. The new share of P = 4x + 5x = 9x The new share of R = the old share = 6x The new profit – sharing ratio of P to R = 9x : 6x = 3 : 2

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