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(Calculation of new ratio and gaining ratio) P, Q and R are partners Sharing profits in the ratio of 3/8, 1/2 and 1/8. Q retires

(Calculation of new ratio and gaining ratio) P, Q and R are partners Sharing profits in the ratio of 3/8, 1/2 and 1/8. Q retires and surrenders his share in favour of P and the remaining share in favour of R. Calculate new profit sharing and the gaining ratio of the remaining partners

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