X, Y, and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April 2023, they decide to share profits and losses equally. Calculate each partner’s gain or sacrifice due to the change in the ratio.
X, Y, and Z are sharing profits and losses in the ratio of 5 : 3 : 2.
With effect from 1st April 2023, they decide to share profits and losses equally.
Calculate each partner’s gain or sacrifice due to the change in the ratio.
[Ans.: Y gains 1/30th, Z gains 4/30th, and X sacrifices 5/30th share.]
Anurag Pathak Changed status to publish April 24, 2023
