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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.

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