7 Views

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

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Jan 2024
ISBR Business School PGDM Adm...
Apply
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
ICFAI-LAW School BA-LLB / BBA...
Apply
Ranked 1 st among Top Law Schools of super Excellence in India - GHRDC | NAAC A+ Accredited | #36 by NIRF
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