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Question : A and B were partners in a firm sharing profits and losses in the ratio of  equally . With effect from 1st January 2019 they agreed to share profits and losses 2:1  Individual partner’s gain or sacrifice due to change in the ratio will be :
 

Option 1: Gain by $A \frac{1}{6}$; Sacrifice by $B \frac{1}{6}$

Option 2: Gain by $A \frac{1}{2}$; Sacrifice by $B \frac{1}{2}$

Option 3: Sacrifice by $A \frac{1}{2}$; Gain by $B \frac{1}{2}$

Option 4: Sacrifice by $A \frac{1}{2}$; Gain by $B \frac{1}{2}$


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: Gain by $A \frac{1}{6}$; Sacrifice by $B \frac{1}{6}$


Solution : Answer = Gain by $A \frac{1}{6}$; Sacrifice by $B \frac{1}{6}$

Sacrificing Ratio = old ratio - new ratio

A = 1/2 - 2/3 = 3-4/6 = -1/6 (gain)

B = 1/2 - 1/3 = 3-2/6 = 1/6 (sacrifice)
​​​​​​​Hence, the correct option is 1.

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