Question

A, B and C are partners sharing profits and losses in the ratio of 5: 4: 1. Calculate new profit sharing ratio, sacrificing ratio and gaining ratio in the following case:
Case: A, B and C will share future  profits and losses equally.

A

New profit sharing ratio - 3:4:3, sacrifice of A-1/5; Gain of C-1/5;

B

New profit sharing ratio -4:3:3; sacrificing Ratio (A and B)-1:1; Gain of (-2/12);

C

New profit sharing ratio - Equal; Sacrificing Ratio (A and B)-5:2; Gain of C-7/30;

D

New profit sharing ratio -9:4:7; Sacrificing Ratio (A and B)-1:4; Gain of C-5/22.

Hard

Solution

verified
Verified by Toppr
Correct option is C)

Was this answer helpful?

upvote 0
downvote0