Question

A, B, and C are sharing profit in the ratio of ½ : 1/3 : 1/6 C retired

Gaining ratio will be​

Answer 1

Old ratio (A, B and C) = 1/2 : 1/3 : 1/6 or 3 : 2 : 1

C retired, then, let A & B decide to share profits and losses equally.

New ratio (A and B) = 1 : 1

Gaining ratio = New ratio - Old ratio

A's gain = 1 - (3/6) = 3/6

B's gain = 1 - (2/6) = 4/6

Therefore, gaining ratio of A and B = 3 : 4