Question : Divya, Vikas and Varun are partners sharing profits in the ratio of 1/2: 1/8: 3/8 respectively. Vikas retires and surrenders 1/9 th from his share in favour of Divya and the remaining in favour of Varun. gaining ratio and new profit-sharing ratio will be :
Option 1: Gaining ratio 8: 1 and new profit sharing ratio 11: 7
Option 2: Gaining ratio 11: 7 and new profit sharing ratio 8: 1
Option 3: Gaining ratio 4: 2 and new profit sharing ratio 7: 11
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = None of the above Old ratio=$\frac{1}{2}: \frac{1}{8}: \frac{3}{8}$= 4:1:3= D:V:V. Divya takes= $\frac{1}{8} \times \frac{1}{9}=\frac{1}{72}$ Varun takes= $\frac{1}{8} \times \frac{8}{9}=\frac{1}{72}$ New ratio Divya=$\frac{4}{8}+\frac{1}{72}=\frac{36+1}{72}=\frac{37}{72}$ Varun= $\frac{3}{8}+\frac{8}{72}=\frac{27+8}{72}=\frac{35}{72}$ N.P.S.R= 37:35 G.Ratio= 1:8 Hence, the correct option is 4.
Question : The ratio in which a partner surrenders his share of profit in favour of partners is known as
Option 1: Capital ratio
Option 2: Gaining ratio
Option 3: New profit sharing ratio
Option 4: Sacrifice ratio
Question : Hari, Mohan and Sohan are partners sharing profit and losses in the ratio of 5:3:2. Mohan died. His share of profit is to be taken by Hari and sohan in the ratio of 2:1. Calculate the new profit-sharing ratio and also calculate the gaining ratio
Option 1: New ratio 7:3 and Gaining ratio 2:1
Option 2: New ratio 7:3 and Gaining ratio 2:1
Option 3: Both A and B are correct
Question : X, Y and Z are partners sharing profits and losses in the ratio of 4: 3: 2. Y retires and give 1/9th of his share to X and the remaining to Z new profit-sharing ratio and the gaining ratio of the firm will be
Option 1: 13:14, GR 1:8
Option 2: 4:2
Option 3: 4:3
Option 4: 13:14, GR 1:3
Question : A, B and C are partners sharing profits in the ratio of 7:6:7, B retires and his shares are divided equally between A and C. The New profit-sharing ratio of the remaining partners will be
Option 1: 1:1
Option 2: 4:5
Option 3: 3:2
Option 4: 2:3
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