Question : A, B and C are partners sharing profits in the ratio of 7:6:7, B retires and his shares are divided equally between A and C. The New profit-sharing ratio of the remaining partners will be
Option 1: 1:1
Option 2: 4:5
Option 3: 3:2
Option 4: 2:3
Correct Answer: 1:1
Solution : Answer = 1:1
After B's retirement, A and C share the profits equally, as B's share is divided equally between them. Initially, A had 7/20 of the profits and C had 7/20. After the redistribution, both A and C have 1/2 of the total share, resulting in a new ratio of 1:1.
Hence, the correct option is 1.