Question

A, B and C are partners sharing profit or loss in the ratio of 2 : 3 : 4. А retires and after A's retirement B and C agreed to share profit or loss in the ratio of 3: 4 in future. Their gaining ratio will be ______.

Options

• 2 : 3

• 4 : 3

• 3 : 4

• 1 : 1

Answer 1

A, B and C are partners sharing profit or loss in the ratio of 2 : 3 : 4. А retires and after A's retirement B and C agreed to share profit or loss in the ratio of 3: 4 in future. Their gaining ratio will be 3 : 4.

Explanation:

Old ratio of B and C = 3 : 4

New ratio of B and C = 3 : 4

Since their old and new ratios are the same, neither B nor C gains from the other.

But when A retires, B and C together gain A's share in the ratio of their new shares:

Gaining ratio = 3 : 4