Question

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

Options

• 3 : 2

• 4 : 3

• 3 : 4

• 1 : 1

Answer 1

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

Explanation:

Gaining Ratio = New Ratio – Old Ratio

A’s Gaining ratio = `4/7-4/9=(36-28)/63=8/63`

B’s Gaining ratio = `3/7-3/9=(27-21)/63=6/63`

Gaining ratio = `8/63:6/63`

= 8 : 6

∴ Gaining ratio = 4 : 3