Question

X, Y and Z are sharing Profits and Losses in the ratio of 4:3:2. Z retires the new ratio of X and Y is 3:2.Calculate the gain ratio.

Answer 1

Answer:

Correct option is

D

3:5

Old Profit sharing ratio ( X, Y and Z ) = 3 : 2 : 1

New profit sharing ratio ( X and Z ) = 5 : 3

Gaining ratio = New ratio - Old ratio

X's gaining ratio = (5/8 ) - ( 3/6 ) = (3/24)

Z's gaining ratio = (3/8) = (1/6) = (5/24)

Therefore, gaining ratio of X and Z is 3 : 5