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Question

Jayant, Kartik and Leena were partners in a firm sharing profits and losses in the ratio of 5:2:3. Kartik died and Jayant and Leena decided to continue the business. Their gaining ratio was 2:3. Calculate the new profit sharing ratio of Jayant and Leena. 


Solution

Jayant's gain=25×210=450

Leena's gain=35×210=650

Jayant's new share =510+450=(25+4)50=2950

Leena's new share =310+610=(15+6)50=2150

New ratio =29:21.

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