Question

P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.

Answer 1

Calculate of Gaining Ratio 

`"P : Q : R" = 7 : 5 : 3` (OLD RATIO)

`"Q : R = 7 : 5 (New ratio, same as between P & Q)

`"Q's Gain" = 7/12 - 5/15 = (35-20)/60 = 15/60`

`"R's Gain" = 5/10 - 3/15 = (25-12)/60 = 13/60`

`"Q : R" = 15 : 13`