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
Add a Comment