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Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. What is Shilpa's gaining or sacrificing ratio: -

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Question

Analyse the case given below and answer the question that follow:

Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹ 60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹ 2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answer to the question given below:

What is Shilpa's gaining or sacrificing ratio:

Options

  • `1/10` Gain

  • `1/10` Sacrifice

  • `4/10` Gain

  • `4/10` Sacrifice

MCQ

Solution

`4/10` Gain

Explanation:

Shilpa = `3/5 - 2/10 = 4/10` (gain)

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Change in Profit Sharing Ratio Among the Existing Partners
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