Question

Aditya, Vishesh and Nimesh were partners in a firm sharing profits and losses equally. Aditya died on 1^st July, 2023. Remaining partners decided to continue the business of the firm and decided to share future profits in the ratio of 4 : 3. The gaining ratio of Vishesh and Nimesh will be ______.

Options

• 4 : 3

• 3 : 2

• 5 : 2

• 1 : 1

Answer 1

Aditya, Vishesh and Nimesh were partners in a firm sharing profits and losses equally. Aditya died on 1^st July, 2023. Remaining partners decided to continue the business of the firm and decided to share future profits in the ratio of 4 : 3. The gaining ratio of Vishesh and Nimesh will be 5 : 2.

Explanation:

Gaining Ratio = New Ratio − Old Ratio

Vishesh = `1/3 - 4/7 = (7-12)/21 = 5/21`

Nimesh = `1/3 - 3/7 = (7-9)/21 = 2/21`

Gaining Ratio = `5/21:2/21`

= 5 : 2