Question

# A, B and C are partners sharing profits and losses I the ratio of $$1/2, 3/10$$ and $$1/5$$, B retires from the firm, A and C decide to share the future profits and losses in $$3: 2$$, Calculate gaining ratio.

A
1:2
B
1:3:2
C
2:3
D
None of these

Solution

## The correct option is A $$1:2$$Old ratio (A, B and C) = 1/2, 3/10 and 1/5 or 5 : 3 : 2New ratio (A and C) = 3 : 2Gaining ratio = New ratio - Old ratio A's new share = (3/5) - (5/10) =  1/10C's new share = (2/5) - (2/10) = 2/10Therefore, new ratio of A and C is 1 : 2Accountancy

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