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Standard XII

Accountancy

Calculating Gaining Ratio

Anita, Jaya a...

Question

Anita, Jaya and Nisha are partners sharing profits and losses in the ratio of 1:1:1 Jaya retires from the firm. Anita and Nisha decided to share the profit in future in the ratio 4 :3. Calculate the gaining ratio.

None of the above

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. 2:1

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1:2

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5:2

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Solution

The correct option is D
5:2

Gaining ratio = New ratio - old ratio

Anita's gain = $\frac{4}{7} - \frac{1}{3} = \frac{12 - 7}{21} = \frac{5}{21}$

Nisha's gain = $\frac{3}{7} - \frac{1}{3} = \frac{9 - 7}{21} = \frac{2}{21}$

Gaining ratio = 5:2

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Anita, Jaya and Nisha are partners sharing profits and losses in the ratio of 1:1:1 Jaya retires from the firm. Anita and Nisha decided to share the profit in future in the ratio 4 :3. Calculate the gaining ratio.

The correct option is D 5:2 Gaining ratio = New ratio - old ratio Anita's gain = 47−13=12−721=521 Nisha's gain = 37−13=9−721=221 Gaining ratio = 5:2

The correct option is D
5:2

Gaining ratio = New ratio - old ratio

Anita's gain = $\frac{4}{7} - \frac{1}{3} = \frac{12 - 7}{21} = \frac{5}{21}$

Nisha's gain = $\frac{3}{7} - \frac{1}{3} = \frac{9 - 7}{21} = \frac{2}{21}$

Gaining ratio = 5:2