Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4 : 3 : 2. Kangli retires . Assuming Mangli and Sanvali will share profits in the future in the ratio of 5 : 3, determine the gaining ratio.
Answers
Answered by
1
The gaining ratio is 21 : 11
Explanation:
Given,
Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4 : 3 : 2.
Old Ratio between Kangli, Mangli and Sanvali =4: 3: 2
Mangli and Sanvali will share profits in future in the ratio of 5 : 3
New Ratio between Mangli and Sanvali =5: 3
Calculation of Gain:
The gaining ratio will be calculated using the formula
Gaining Ratio = New Ratio - Old Ratio
Mangli's (Gain)
Sanvali's (Gain)
Gaining Ratio (Mangli's and Sanvali's)
or 21 : 11
Thus, the Gaining Ratio of Mangli's and Sanvali's will be 21 : 11
Similar questions