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X, Y and Z Were Partners Sharing Profits in the Ratio of 1/2, 3/10 and 1/5. X Retired from the Firm. Calculate the Gaining Ratio of the Remaining Partner - CBSE (Arts) Class 12 - Accountancy

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Question

X, Y and Z were partners sharing profits in the ratio of 1/2, 3/10 and 1/5. X retired from the firm. Calculate the gaining ratio of the remaining partners

Solution

Calculation of Gaining Ratio:

X:Y: Z

Old Ratio = `1/2 : 3/10:1/5`

`(5:3:2)/10`

New Ratio = 3:2

Gaining Ratio= New Ratio - Old Ratio

Y's Gain = `3/5 - 3/10 = 3/10`

Z' Gain = `2/5 - 2/10 = 2/10`

Gaining Ration = 3:2

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Solution X, Y and Z Were Partners Sharing Profits in the Ratio of 1/2, 3/10 and 1/5. X Retired from the Firm. Calculate the Gaining Ratio of the Remaining Partner Concept: Change in the Profit Sharing Ratio Among the Existing Partners - Gaining Ratio.
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