Question

Mani, Gani and Soni are partners sharing the profits and losses in the ratio of 4:5:6. Mani retires from the firm. Calculate the new profit sharing ratio and gaining ratio.

Answer 1

Old ratio = 4:5:6

New ratio – 5:6

New share : Gani : Soni = `5/11 : 6/11`

Gaining Ratio = New RAtio - Old Ratio

Gani = `5/11 - 5/15 = (75 - 55)/165 = 20/165`

Soni = `6/11 - 6/15 = (90 - 66)/165 = 24/165`

Gain Ratio - 20 : 24 or 5 : 6

New profit shaving ratio and gaining ratio is 5:6