Question

Kangli, Mangli and Sanvali are three partners sharing profits in the ratio of 4 : 3 : 2. Kangli retires. Assuming Mangli and Sanvali will share profits in future in the ratio of 5 : 3, determine the gaining ratio.

Answer 1

Old ratio = Kangli : Mangli : Sanvali = 4 : 3 : 2

Kangli retires. New ratio of Mangli : Sanvali = 5 : 3.

Gain of Mangli

`5/8 - 3/9 = 5/8 - 1/3 = (15 - 8)/24 = 7/24`

Gain of Sanvali

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

Therefore, gaining ratio:

`7/24 : 11/72 = 21 : 11`