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Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4 : 3 : 2. Kangli retires . Assuming Mangli and Sanvali will share profits in the future in the ratio of 5 : 3, determine the gaining ratio. |
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Answer» ning ratio is 21 : 11Explanation:Given,Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4 : 3 : 2.Old Ratio between Kangli, Mangli and Sanvali =4: 3: 2Mangli and Sanvali will share profits in future in the ratio of 5 : 3New Ratio between Mangli and Sanvali =5: 3Calculation of GAIN:The gaining ratio will be calculated USING the formulaGaining Ratio = New Ratio - Old Ratio Mangli's (Gain)Sanvali's (Gain)Gaining Ratio (Mangli's and Sanvali's) or 21 : 11Thus, the Gaining Ratio of Mangli's and Sanvali's will be 21 : 11 |
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