Question

B, P and L sharing profits in the ratio 4 : 3 : 2. B retires, P and L decided to share profits in future in the ratio of 5 : 3. Gaining ratio will be ______.

Options

• 11 : 21

• 21 : 11

• 11 : 13

• 13 : 11

Answer 1

B, P and L sharing profits in the ratio 4 : 3 : 2. B retires, P and L decided to share profits in future in the ratio of 5 : 3. Gaining ratio will be 21 : 11.

Explanation:

Old share of P & L = `3/9, 2/9`

New share of P & L = `5/8, 3/8`

Gaining Ratio = New ratio – Old Ratio 

P = `5/8-3/9=(45-24)/72=21/72`

L = `3/8-2/9=(27-16)/72=11/72`

Gaining ratio of P & L = `21/72:11/72`

= 21 : 11