Question

Ans. Sacrifice of C = 1/6, Gain of D = 1/6]
R. S and T are partners sharing profits in the ratio of 5:3:2. They agree to share profits in equal
proportion w.e.f. April 1, 2019. You are required to determine sacrificing ratio and the gaining
(Ans. R's Sacrifice 5/30, S's Gain 1/30, T's Gain 4/30]
ratio for R, S and T.
sharing profits
Tho​

Answer 1

Explanation:

Correct Question :

R. S and T are partners sharing profits in the ratio of 5:3:2. They agree to share profits in equal proportion w.e.f. April 1, 2019. You are required to determine sacrificing ratio and the gaining

Solution :

Old ratio =

R:S:T = 5:3:2

R's Share= 5/10

S's share = 3/10

T's Share = 2/10

They agree to share profits in equal proportion w.e.f. April 1, 2019.

New Profit Sharing ratio=

R:S:T = 1:1:1

Gain ratio = New Profit share ratio - Old Profit Share ratio

•R's Share= 1/3 - 5/10

= 10-15/30

= -5/30 --------(Sacrifice)

•S's share = 1/3 - 3/10

= 10-9/30

= 1/30 ----------(Gain)

•T's Share = 1/3 - 2/10

= 10-6/30

= 4/30 ------------(Gain)

Therefore, R's Sacrifice = 5/30

S's Gain = 1/30

T's Gain = 4/30