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X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2018, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each Partner’s gain or sacrifice due to the change in ratio. |
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Answer» n:Old RATIO(X, Y and Z)= 5 : 3 : 2 New Ratio( X, Y and Z)= 5 : 2 : 3 Sacrificing(or Gaining)Ratio= Old Ratio - NewRatio X' s Share = = NILY' s Share = = (SACRIFICE )Z' s Share= (GAIN)Z's Gain = 1 / 10 and Y's Sacrifice = 1 / 10 |
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