Question

Shashi, Maya and Komal were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 31^st March, 2025 Komal retired. The new profit sharing ratio between Shashi and Maya was decided as 3: 5. The gain or sacrifice of Shashi and Maya on Komal’s retirement was:

Options

• Shashi’s sacrifice `1/8`; Maya’s gain `13/40`

• Shashi’s gain `1/8`; Maya’s sacrifice `13/40`

• Shashi’s sacrifice `1/8`; Maya’s sacrifice `13/40`

• Shashi’s gain `1/8`; Maya’s gain `13/40`

Answer 1

Shashi’s sacrifice `(1/8)`; Maya’s gain `(13/40)`

Explanation:

Given:

Old Ratio (Shashi : Maya : Komal) = 5 : 3 : 2

New Ratio (Shashi : Maya) = 3 : 5

Formula:

Gaining Share = New Share − Old Share

Shashi’s Share:

Gaining share = `3/8 - 5/10`

Gaining share = `(15 - 20)/40 = -5/40 = -1/8` (Sacrifice)

Maya’s Share:

Gaining share = `5/8 - 3/10`

Gaining share = `(25 - 12)/40 = 13/40` (Gain)