Question

Kayal, Mala and Neela are partners sharing profits in the ratio of 2:2:1. Kayal retires and the new profit sharing ratio between Nila and Neela is 3:2. Calculate the gaining ratio.

Answer 1

New Profit Sharing Ratio and Gaining Ratio

Gain Ratio = New Ratio – Old Ratio

Kayal –

Mala = `3/2 - 2/5 = 1/5`

Neela = `2/5 - 1/5 = 1/5`

Gaining Ratio = 1:1