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Question
Asha, Nimisha and Shital are partners sharing profits and losses in the ratio of 5 : 4 : 2. Shital retires. New ratio for Asha and Nimisha is 6 : 5. Calculate Gain ratio.
Sum
Solution
Gain ratio = New ratio – Old ratio
Asha’s Gain ratio = `6/11 - 5/11 = (6 - 5)/11 = 1/11`
Nimisha’s Gain ratio = `5/11 - 4/11 = (5 - 4)/11 = 1/11`
∴ Gain ratio for Asha and Nimisha = `1/11 : 1/11 = 1 : 1`
shaalaa.com
Reconstitution of Partnership (Retirement of Partner)
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