A,B, and C are three partners sharing profit and loss in the ratio of 4:3:2. A retires and B and C decides to share future profit in the ratio of 2:1. Find the gaining ratio.
A
1:3
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B
1:1
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C
2:1
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D
3:1
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Solution
The correct option is D 3:1 Old ratio ( A, B and C) = 4 : 3 : 2
New ratio (B and C) = 2 : 1
Gaining ratio = New ratio - Old ratio
B's gain = (2/3) - (3/9) = 3/9
C's gain = (1/3) - (2/9) = 1/9
Therefore, gaining ratio (B and C) = 3/9 and 1/9 or 3 : 1