W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y retires and W, X and Z decide to share the profits and losses equally in future. Calculate gaining ratio.
a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y retires and W, X and Z decide to share the profits and losses equally in future. Calculate gaining ratio.
b) A, B and C are partners sharing profits and losses in the ratio of 4 : 3 : 2. C retires from the business. A takes 4/9 of C’s share and balance is taken by B. Calculate the new profit sharing ratio and gaining ratio.
Anurag Pathak Changed status to publish June 14, 2023
