Ashok, Bhim, and Chetan are sharing profits and losses in a ratio of 5 : 3 : 2. With effect from 1st April

Ashok, Bhim, and Chetan are sharing profits and losses in a ratio of 5 : 3 : 2. With effect from 1st April 2023, they decide to share profits and losses in the ratio of 5 : 2: 3. Calculate each partner’s gain or sacrifice due to the change in ratio.

[Ans.: Chetan gains 1/10th share and Bhim sacrifices 1/10th share.]