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
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