Question : Ram  and Balram  were partners in a firm sharing profit or loss equally. With effect from 1st April, 2019 they agreed to share profits in the ratio of 8: 6. Due to change in profit sharing ratio, Balram’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 1st Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Gain 1/14


Solution : Answer = Sacrifice 1/14

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

Ram = 1/2 - 4/7 = (7-8)/14 = -1/14 (gain)

Balram = 1/2 - 3/7 = (7-6)/14 = 1/14 (sacrificing)
​​​​​​​Hence, the correct option is 1.

Related Questions

CLAT Current Affairs with GK ...
Apply
Stay updated with current affairs & check your preparation with the CLAT General Knowledge Mock Tests Ebook
CLAT English Language Mock Tests
Apply
Free Ebook - CLAT 2025 English Language questions with detailed solutions
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
CLAT Legal Reasoning Mock Tests
Apply
Free Ebook - CLAT 2025 legal reasoning questions with detailed solutions
GIBS Business School Bangalor...
Apply
100% Placements with 220+ Companies
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books