Question

Q.2. X, Y and Z are partners sharing profits in the ratio of 2/3: 1/4: 1/12. Calculate
the new ratio if X retires.​

Answer 1

solution

Q.2. X, Y and Z are partners sharing profits in the ratio of 2/3: 1/4: 1/12. Calculate

the new ratio if X retires.

Answer 2

Question:
X, Y, and Z are partners sharing profits in the ratio of 1/2, 3/10, and 1/5. Calculate the gaining ratio of remaining partners when Y retires from the firm.

Answer:

The new ratio if Y retires is 5:2

Explanation:

Given:

Old profit sharing ratio X:Y: Z

Y retires from the firm

To Find:
New profit sharing ration after Y retires

Solution:

Old ratio = X:Y:Z = 1/2:3/10:1/5

X:Y: Z = $\frac{5:3:2}{10}$

New Ratio after Y's retirement = 5 : 2

Formula:

Gaining Share = New Share – Old Share

Thus, the gain by the left partners X and Z are:
X's gain :

$=\frac{5}{7} -\frac{5}{10} =\frac{15}{70}$

Z's gain:

$=\frac{2}{7} -\frac{2}{10} =\frac{6}{70}$

Thus the new gaining ratio or the ratio after the partner Y retires is 15:6 or 5:2

Conclusion:

The new ratio if Y retires is 5:2

#SPJ2