Question

x y and z are partners sharing profit and losses in the ratio of 5:3:2 with effect from 1st April 2021 they decide to share profits and losses equally calculate each partner's gain or sacrifice due to the change in ratio??
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Answer 1

Answer:

Gaining ratio or sacrificing ration will be calculated as:

Gaining/Sacrificing Ratio = New Ratio - Old Ratio

Therefore:

For X = 1/3 - 5/10

= 10 - 15

30

= - 5/30 Sacrificing Ratio

For Y = 1/3 - 3/10

= 10 - 9

30

= 1/30 Gaining Ratio

For Z = 1/3 - 2/10

= 10- 6

30

= 4/30 Gaining Ratio