Question

A B and c are partners sharing profit in the ratio of 3:2:1.'c' retires and is share is gained by A and B as to 2/8 and 1/24 respectively Calicut the new profit sharing ratio of a and b​

Answer 1

Answer:

Old Profit sharing ratio ( A, B and C ) = 3 : 2 : 1

New profit sharing ratio ( A and C ) = 3 : 1

Gaining ratio = new ratio - Old ratio

A's gaining ratio = (3/4 ) - ( 3/6 ) = (3/12)

B's gaining ratio = (1/4) = (1/6) = (1/12)

Therefore, gaining ratio of A and C is 3 : 1