Murli, Naveen and Omprakash are partners sharing profits in the ratio of `(3)/(8), (1)/(2)`
Channel: Doubtnut
Date: 2021-11-02

Murli, Naveen and Omprakash are partners sharing profits in the ratio of `(3)/(8), (1)/(2)` and `(1)/(8)`. Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. Calculate new profit sharing and the gaining ratio of the remaining partners.