Question : A, B and C are partners sharing profits in the ratio of 1/2, 3/10 and 1/5. B retires from the firm and A and C agree to share future profits in the ratio of 3: 2. Gaining ratio will be

Option 1: 2:1
Option 2: 1:2
Option 3: 5:3
Option 4: None of the above

Question

Question : A, B and C are partners sharing profits in the ratio of 1/2, 3/10 and 1/5. B retires from the firm and A and C agree to share future profits in the ratio of 3: 2. Gaining ratio will be

Option 1: 2:1

Option 2: 1:2

Option 3: 5:3

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: 1:2

Solution : Answer = 1:2

(i) New Profit Share 3/5 2/5

(ii) Old Profit Share 1/2 1/5

(iii) Gain of a Partner [(i) - (ii)] 3/5 - 1/2 = 1/10; 2/5-1/5 = 2/10

Thus, Gaining Ratio of A and C =: = 1:2.
Hence, the correct option is 2.

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Question : A, B and C are partners sharing profits in the ratio of 1/2, 3/10 and 1/5. B retires from the firm and A and C agree to share future profits in the ratio of 3: 2. Gaining ratio will be Option 1: 2:1Option 2: 1:2Option 3: 5:3Option 4: None of the above

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Question : A, B and C are partners sharing profits in the ratio of 1/2, 3/10 and 1/5. B retires from the firm and A and C agree to share future profits in the ratio of 3: 2. Gaining ratio will be

Option 1: 2:1
Option 2: 1:2
Option 3: 5:3
Option 4: None of the above

Question :
Hitesh, Rakesh and Mukesh are partners sharing profits and losses in the ratio of 1/2, 3/10 and 1/5. Rakesh retires from the firm and Hitesh and Mukesh decide to share future profits and losses in the ratio of 3: 2. Gaining ratio of

Question :
Channi, Manni and Amar are partners sharing profits and losses in the ratio of 4:3:2. Amar retires from the business. Channi acquires 4/9th of Amar's share and the balance is acquired by Manni. The new profit-sharing ratio of