Question

Sunil, Sumathi and Sundari are partners sharing profits in the ratio of 3:3:4. Sundari retires and her share is taken up entirely by Sunil. Calculate the new profit sharing ratio and gaining ratio.

Answer 1

old ratio = 3:3:4 (Sunil : sumathi : sundar)

New Ratio = old ratio + gaining ratio

Gaining Ratio of Sunil = `4/10`

New Ratio of sunil = `3/10 + 4/10 = 7/10`

New Ratio of sumathi = `3/10 + 0 = 3/10`

New Ratio - 7 : 3

Gaining ratio: 4 : 0;

New ratio: 7 : 3