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Question

Kumar, Lakshya, Manoj and Naresh are partners sharing profits in the ratio of 3:2:1:4. Kumar retires and his share is acquired by Lakshya and Manoj in the ratio of 3:2. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.

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Solution

LakshyManojNareshold share210110410Acquired sahre from kumar35 of31025 of310Nic950650New share=(i)=(ii)210+950110+650410+Nil195011502050
The new profit sharing ratio is 19:11:20
Giving ratio is 3:2:0
Note:
1) Since Lakshy & Manoj are accquiring kumars share of profit in the ratio of 3:2 hence the giving ratio will be 3:2 between Lakshya & Manoj
2) Naresh has Niethes Sarrificed uor geived.

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