W,x,y,z are partners sharing profit and losses in the ratio of 1/3,1/6,1/3,and1/6,respectively y retires andw,x,andz decided to share the profit and losses equally in future. calculate gaining ratio
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Old Ratio = 2: 1: 2: 1.
New Ratio = 1: 1: 1
Gaining Ratio =
W's gain = 1/3 - 2/6 = 2-2/6 = 0 (no gain by W)
X's gain = 1/3 - 1/6 = 2-1/6 = 1/6
Z's gain = 1/3 - 1/6 = 2-1/6 = 1/6
Gaining Ratio = 1: 1
New Ratio = 1: 1: 1
Gaining Ratio =
W's gain = 1/3 - 2/6 = 2-2/6 = 0 (no gain by W)
X's gain = 1/3 - 1/6 = 2-1/6 = 1/6
Z's gain = 1/3 - 1/6 = 2-1/6 = 1/6
Gaining Ratio = 1: 1
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