Subjective Questions on P Q and R are partners sharing profits in the ratio of 7 5 3 P retires and it is decided that profit........... for Commerce 12th Preparation

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Subjective Questions

P Q and R are partners sharing profits in the ratio of 7 5 3 P retires and it is decided that profit...........

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    P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.

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