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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


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 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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