X, Y, Z were partners sharing profits and losses in the ratio of 1:2:3. Z retired and his capital after making all adjustments is ₹220000. X & Y agreed to pay him ₹250000 in full settlement of his claim. The new profit-sharing ratio is 1:3.

What is gain of Y partner?

1/12 5/12 9/12 3/12

5/12

Gain of partner = New share - Old share Gain of Y  = 3/4 - 2/6                 = (9-4)12                 = 5/12