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P, Q and R were partners sharing profits and losses in ratio of 4 : 3 : 1. The partners agree to sharefuture profits in ratio of 5 : 4 : 3. Calculate each partner’s sacrifice or gain due to change in ratio |
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Answer» sacrifice or GAIN P = 4/8-5/12 = 48-40/96 = 8/96 = 1/12(sacrifice) Q = 3/8-4/12 = 36-32/96 = 4/96= 1/24 (sacrifice) R= 1/8-3/12 = 12-24/96 = -12/96 =-1/8(gain) p & Q sacrifice 1/12:1/24 =. 2:1 sacrifice ratio R gain 1/8 |
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