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Question

Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4:3:2. Kangali retires. Assuming Mangli and Sanvali will share profits in future in the ratio of 5:3, determine the gaining ratio.

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Solution

Old ratio (Kangli, Mangli and Sanvali) = 4:3:2

New ratio (Mangli and Sanvali) = 5:3

Gaining ratio = New ratio – Old ratio

Manglis Gain = 5/8 – 3/9 = 45/72 – 24/72 = 21/72

Sanvalis Gain = 3/8 – 2/9 = 27/72 – 16/72 = 11/72

Gaining ratio = 21:11

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