A, B, C are partners sharing profits in the ratio of 3:2:1, C retired and new profit sharing ratio is 3:2 gaining ratio will be
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Answer:
Gaining Ratio will be A : B = 3 : 2.
Explanation:
Solution :
Old Ratio :
A : B : C = 3 : 2 : 1
- A's Share =
- B's Share =
- C's Share =
C retired
New Profit Sharing Ratio =
A : B = 3 : 2
New Share of A =
New Share of B =
★ Gaining Ratio :
Gaining Ratio = New Ratio - Old Ratio
• A's Gain =
• B's Gain =
Gaining Ratio :
- A : B
3 : 2
Therefore, Gaining Ratio will be A : B = 3 : 2.
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