Question : P, Q and R were partners sharing profit or loss in the ratio of 8:4:3. From Jan. 1, 2019 they decided to share profit or loss in the ratio of 7:3:2. Due to change in the profit-loss sharing ratio, Q’s gain or sacrifice will be :
Option 1: sacrifice 1/60
Option 2: Gain 1/60
Option 3: Gain 1/30
Option 4: Sacrifice 1/20
Answer (1)
24th Jan, 2024
Correct Answer: sacrifice 1/60
Solution : Answer = sacrifice 1/60
S.R. = old Ratio - new Ratio
P = 8/15 - 7/12 = 32 - 35/60 = -3/60 (gain)
Q = 4/15 - 3/12 = 16 -15/60 = 1/60 (sacrifice)
R = 3/15 - 2/12 = 12-10/60 = 2/60 (sacrifice)
Hence, the correct option is 1.
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