Question : Rajiv and Ravi were partners in a firm sharing profits or losses in the ratio of 3:1 .With effect from 1st January, 2020, they agreed to share profits in the ratio of 2:1. Due to change in profit-sharing ratio, Rajiv s gain or sacrifice will be
Option 1: Gain 1/12
Option 2: Sacrifice 1/12
Option 3: Gain 2/60
Option 4: Sacrifice 3/60
Answer (1)
17th Jan, 2024
Correct Answer: Sacrifice 1/12
Solution : Answer = Sacrifice 1/12
Sacrificing ratio = O.R. - N.R.
Rajiv = 3/4 - 2/3 = 9-8/12 = 1/12 Sacrifice
Ravi = 1/4 - 1/3 = 3-4/12 = -1/12 gain
Hence, the correct option is 2.
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