The Old profit sharing ratio among Radha, Sonu and Tara was 2:2:1. The new profit sharing ratio after Sonu's retirement is 3:2. What will be the gaining ratio?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 1:1.
Gaining ratio = New ratio- Old ratio
Radha's gain = 3/5-2/5
= (3-2)/5
= 1/5
Tara's gain = 2/5-1/5
= (2-1)/5
= 1/5
Gaining ratio = 1/5: 1/5
= 1:1