Question

The old profit sharing ratio among Rajendra, Satish and Tejpal were 2 : 2 : 1. The new profit sharing ratio after Satish' s retirement is 3 : 2. The gaining ratio is ______.

Options

• 3 : 2

• 2 : 1

• 1 : 1

• 2 : 2

Answer 1

The old profit sharing ratio among Rajendra, Satish and Tejpal were 2 : 2 : 1. The new profit sharing ratio after Satish's retirement is 3 : 2. The gaining ratio is 1 : 1.

Explanation:

Gaining ratio = New ratio - old ratio

Rajendra's Gain = `3/5 - 2/5 = 1/5`

Tejpal's Gain = `2/5 - 1/5 = 1/5`

Gaining ratio = 1 : 1