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Standard XII

Accountancy

Calculating Gaining Ratio

P, Q and R ar...

Question

P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.

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Solution

Calculation of Gaining Ratio
P : Q : R =7 : 5 : 3(Old ratio)
Q : R = 7 : 5 (New ratio, same as between P & Q)
Q's Gain = 7/12 - 5/15 = (35 - 20)/60 = 15/60
R's Gain = 5/10 - 3/15 = (25 - 12)/60 = 13/60
Q : R = 15 : 13

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P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.

Calculation of Gaining RatioP : Q : R =7 : 5 : 3(Old ratio)Q : R = 7 : 5 (New ratio, same as between P & Q)Q's Gain = 7/12 - 5/15 = (35 - 20)/60 = 15/60R's Gain = 5/10 - 3/15 = (25 - 12)/60 = 13/60Q : R = 15 : 13

Calculation of Gaining Ratio
P : Q : R =7 : 5 : 3(Old ratio)
Q : R = 7 : 5 (New ratio, same as between P & Q)
Q's Gain = 7/12 - 5/15 = (35 - 20)/60 = 15/60
R's Gain = 5/10 - 3/15 = (25 - 12)/60 = 13/60
Q : R = 15 : 13