Anand, Bahadur, and Chander are partners sharing profits equally ( each). On Chander's retirement, his entire share is acquired by Anand alone. The gaining percentage of Anand will be:
- A33.33 % ()
- B66.66 % ()
- C70.33 %
- D100 %
Solution & Step-by-step Explanation
Anand acquires Chander's entire share (). Chander's share of relative to himself is 100% of his outgoing interest.Alternatively, looking at the structural options for the absolute fraction gained by Anand out of total firm profit, Anand's absolute gain fraction is of the total firm's profit, which corresponds to .