Amit and sumit are partners una a firm sharing profits in the ratio of 2:1 . It was decided by them to share profits equally w.e.f.1st april ,2020. Calculate the sacrifing and gaining ratio.
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Answer:
2/3-1/2=4-3/6=1/6
1/3-1/2=2-3/6=-1/6
amit,s sac.=1/6
sumit,s gain=-1/6
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