Sita , Geeta and Meeta were partners in a firm sharing profits in the ratio of 7:6:7. Geeta retired and her share was divided equally b/w sita and meeta. Calculate new profit - sharing ratio
Old Ratio (Sita, Geeta and Meeta) = 7 : 6 : 7
Geeta retires and her share divided equally between Sita and Meeta
Geeta’s share of profit
Sita’s New Share of Profit
Meeta’s New Share of Profits
New Ratio (Sita and Meeta) = 20 : 20 or 1 : 1