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Question : A, B and C are partners sharing profits in the ratio of 1/2, 3/10 and 1/5. B retires from the firm and A and C agree to share future profits in the ratio of 3: 2. Gaining ratio will be 

 

Option 1: 2:1

Option 2: 1:2

Option 3: 5:3

Option 4: None of the above


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: 1:2


Solution : Answer = 1:2

(i) New Profit Share 3/5 2/5

(ii) Old Profit Share 1/2 1/5

(iii) Gain of a Partner [(i) - (ii)] 3/5 - 1/2 = 1/10; 2/5-1/5 = 2/10

Thus, Gaining Ratio of A and C =: = 1:2.
Hence, the correct option is 2.

 

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