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(Calculation of new ratio and gaining ratio) X, Y and Z share profit 1 and losses in the ratio 12: 13: 5. Z retires and

(Calculation of new ratio and gaining ratio) X, Y and Z share profit 1 and losses in the ratio 12: 13: 5. Z retires and surrenders 1/5th of his share in favour of Y and remaining in favour of X. Calculate new profit sharing ratio and gaining ratio

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