Question

X and Y were partners in a firm sharing profits in the ratio of 5:3. With
effect from 1st April, 2019 they agreed to share profits equally. Calculate the
individual partner's gain or sacrifice due to change in ratio. ​

Answer 1

Answer:

x will have loss, y will gain

Explanation:

for x:

1/2-(5/8)=(0.125)

for y:

1/2-(3/8)=0.125

its just a try.let me know if it's wrong.

Answer 2

Answer: x loss 1/8 and y gain 1/8

Explanation:for x:

1/2-(5/8)=(1/8)

for y:

1/2-(3/8)=1/8