A B C are sharing profits and losses in ratio of 4:3:1 B retires and gaining ratio betwen A - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

A B C are sharing profits and losses in ratio of 4:3:1 B retires
and gaining ratio betwen A and C is 4:5 Calculate new profit
sharing ratio

Neha Arora · Accepted Answer

Dear Student,

New Ratio=Old Ratio+Gaining RatioA's gain=49×38=1272C's gain=59×38=1572A's new share=48+1272=4872C's new share=18+1572=2472New Ratio=48:24 or 2:1

A B C are sharing profits and losses in ratio of 4:3:1. B retires and gaining ratio betwen A and C is 4:5. Calculate new profit sharing ratio.