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
Answer (1)
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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