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Calculation of the Gaining Ratio when new profit sharing ratio of partners is given
Ram, Shyam and Mohan who are partners in a firm, share profits and losses in the ratio of 3/5, 1/5 and 1/5. Mohan retires from this firm, and Ram and Shyam decide to share future profits and losses in the ratio of 4:3. You are required to calculate gaining ratio of the partners if any ?
