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
Answer (1)
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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