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Question : Ram  and Balram were partners in a firm sharing profit or loss 4:3. With effect from 1st April 2019 they agreed to share profits in the ratio of equally Due to a change in profit sharing ratio, Ram’s gain or sacrifice will be :
 

Option 1: Gain 1/14

 

Option 2: Sacrifice 1/14

Option 3: Gain 4/7

Option 4: Sacrifice 3/7


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Sacrifice 1/14


Solution : Answer = Sacrifice 1/14

S. Ratio = O.R. - N.R.

Ram = 4/7 - 1/2 = 8-7/14 = 1/14

Balram = 3/7 - 1/2 = 6-7/14 = -1/14

Ram's Sacrifice = 1/14
Hence, the correct option is 2.

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