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 Hitesh and Mukesh is
Option 1: 3:2
Option 2: 1:2
Option 3: 2:1
Option 4: 5:3
Correct Answer: 1:2
Solution :
Answer = 1:2
CALCULATION OF GAINING RATIO
|
Partners |
New Profit Share |
Old Profit Share |
Gain/(Sacrifice) |
Gaining Ratio |
|
Hitesh |
3/5 |
1/2 |
3/5-1/2 = 1/10 (Gain) |
Hitesh: Mukesh = 1/10:1/5 |
|
Rakesh |
3/10 |
0-3/10 = -3/10 (Sacrifice) |
or |
|
|
Mukesh |
2/5 |
1/5 |
2/5-1/5 = 1/5 (Gain) |
1:2 |
