M, N, O and P are the partners sharing profit and loss in the ratio of

1.	M, N, O and P are the partners sharing profit and loss in the ratio of 5 : 3 : 2 : 2. N and P retired. N’s share is acquired by O and P’s share is acquired by M.
Answer» Old ratio of M, N, O and P = \(\frac{5}{12}:\frac{3}{12}:\frac{2}{12}:\frac{2}{12}\) Here, N and P retired. \(\frac{2}{12}\) share of P is acquired by M and \(\frac{3}{12}\) share of N is acquired by O. ∴ Gain of M = \(\frac{2}{12}\) and gain of O = \(\frac{3}{12}\) ∴ Gain ratio of M and 0 = 2 : 3 Now, New share = Old share + Gain New share of M = \(\frac{5}{12}+\frac{2}{12}=\frac{7}{12}\) New share of O = \(\frac{2}{12}+\frac{3}{12}=\frac{5}{12}\) New profit – loss ratio M and 0 = 7 : 5

M, N, O and P are the partners sharing profit and loss in the ratio of 5 : 3 : 2 : 2. N and P retired. N’s share is acquired by O and P’s share is acquired by M.

Answer»

Old ratio of M, N,

O and P = \(\frac{5}{12}:\frac{3}{12}:\frac{2}{12}:\frac{2}{12}\)

Here, N and P retired.

\(\frac{2}{12}\) share of P is acquired by M

and \(\frac{3}{12}\) share of N is acquired by O.

∴ Gain of M = \(\frac{2}{12}\) and gain of O = \(\frac{3}{12}\)

∴ Gain ratio of M and 0 = 2 : 3

Now, New share = Old share + Gain

New share of M = \(\frac{5}{12}+\frac{2}{12}=\frac{7}{12}\)

New share of O = \(\frac{2}{12}+\frac{3}{12}=\frac{5}{12}\)

New profit – loss ratio M and 0 = 7 : 5