29 Views

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.

Related Questions

UPES B.Tech Admissions 2026
Apply
Ranked #43 among Engineering colleges in India by NIRF | Highest Package 1.3 CR , 100% Placements
UPES Integrated LLB Admission...
Apply
Ranked #18 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS Rankings | 16 LPA Highest CTC
Presidency University MBA Adm...
Apply
NAAC A+ Accredited | Highest CTC 10 LPA | Top Recruiters : Amazon, Accenture, KPMG, EY, Capgemini & many more
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC | Ranked 33rd by NIRF 2025
UPES M.Tech Admissions 2026
Apply
Ranked #45 Among Universities in India by NIRF | 1950+ Students Placed 91% Placement, 800+ Recruiters
UPES | BBA Admissions 2026
Apply
#36 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books