Sachin,Rahul and Rohit are the partners of a partnership firm profit loss sharing ratio is 1:2:2 between them. All partners have decided to change profit loss sharing ratio to 3:2:1. Calculate the sacrifice ratio of partners.
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Explanation:
Solution :
Old Ratio =
Sachin : Rahul : Rohit = 1:2:2
New Ratio =
Sachin : Rahul : Rohit = 3:2:1
The sacrifice ratio of partners. :
Sacrificing Ratio = Old Ratio - New Ratio
Sachin = 1/5 - 3/6
6-15/30 = -9/30 ------ (Gain)
Rahul = 2/5 - 2/6
12-10/30 = 2/30 ------ (Sacrifice)
Rohit = 2/5 - 1/6
12-5/30 = 7/30 -------- (Sacrifice)
Therefore, the sacrifice ratio of partners. =
Rahul : Rohit = 2/30 : 7/30
= 2 : 7
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