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A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. A retires, assuming B and C will share profits in the ratio of 2 : 1. Determine the gaining ratio. |
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Answer» ning ratio is 3 : 1Explanation:Given,A, B and C were PARTNERS SHARING profits in the ratio of 4 : 3 : 2Therefore, the Old Ratio ( A, B and C) = 4: 3: 2The NEW Ratio formed is ( B and C ) = 2 : 1 The formula for obtaining the gaining ratio is given asGaining Ratio = New Ratio - Old Ratio B's share (Gain) C's share (Gain)Therefore, the Gaining Ratio (B and C) = 3 : 1 |
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