XX, Z and Q are partners in a firm sharing profits in ratio 2:2:1:1
respectively. X retires and Y, Z and Q decided to share future profits
equally. Calculate the gaining ratio.
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Answer:
gaining ratio = new ratio - old ratio
Y = 1/3-2/6=0
Z= 1/3-1/6=1/6(gain)
Q= 1/3-1/6=1/6 (gain)
Gaining ratio of Z and Q is 1:1
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