Question : Partners P, Q, and R split earnings in the following proportions: 7: 5: 3. When P retires, it is decided that Q and R will share profits at the same ratio as P and Q did. Calculate the Gaining Ratio and the New Profit-Sharing Ratio.
Option 1: New Ratio between Q and R is 7 : 5
Gaining Ratio between Q and R is 8 :7
Option 2: New Ratio between Q and R is 2 : 3
Gaining Ratio between Q and R is 13 : 15
Option 3: New Ratio between Q and R is 7 : 5
Gaining Ratio between Q and R is 15 : 18
Option 4: None of the Above
Correct Answer: New Ratio between Q and R is 7 : 5
Solution : Calculation of Gaining Ratio P : Q : R =7 : 5 : 3(Old ratio) Q : R = 7 : 5 (New ratio, same as between P & Q) Q's Gain = 7/12 - 5/15 = (35 - 20)/60 = 15/60 R's Gain = 5/10 - 3/15 = (30 - 12)/60 = 18/60 Q : R = 15 : 18
Hence the correct answer is option 3.
Question : P, Q and R have been sharing profits in the ratio of 8 : 5 : 3. P retires. Q takes 3/16th share from P and R takes 5/16th share from P. New profit sharing ratio will be :
Question : Divya, Vikas and Varun are partners sharing profits in the ratio of 1/2: 1/8: 3/8 respectively. Vikas retires and surrenders 1/9 th from his share in favour of Divya and the remaining in favour of Varun. gaining ratio and new profit-sharing ratio will be :
Question : Hari, Mohan and Sohan are partners sharing profit and losses in the ratio of 5:3:2. Mohan died. His share of profit is to be taken by Hari and sohan in the ratio of 2:1. Calculate the new profit-sharing ratio and also calculate the gaining ratio
Question : A, B and C are partners sharing profits in the ratio of 7:6:7, B retires and his shares are divided equally between A and C. The New profit-sharing ratio of the remaining partners will be
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