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  3. x, y and z are sharing profits in the ratio of 2/5

X, Y and Z are sharing profits in the ratio of 2/5: 2/5: 1/5. Partner...

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Question

Accounting

X, Y and Z are sharing profits in the ratio of 2/5: 2/5: 1/5. Partner Z retired from business and his share was purchased equally by X and Y. The new profit sharing ratio shall be:

a.

X & Y

b.

X 3/5 & Y 2/5

c.

None of these are correct

d.

X 2/5 & Y 3/5

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