A, B and C were in partnership sharing profits in the ratio of 4 : 3 : 1. The partners agreed to share future profits in the ratio of 5 : 4 : 3
A, B and C were in partnership sharing profits in the ratio of 4 : 3 : 1. The partners agreed to share future profits in the ratio of 5 : 4 : 3. Calculate each partner’s gain or sacrifice due to change in ratio.
[Ans. A sacrifices 2/24; B sacrifices 1/24 and C gains 3/24.]
Anurag Pathak Answered question June 27, 2024