A and B are the partners who decided to share their profits and losses in the ratio 4:3 in future. Due to change in profit sharing ratio, A is gaining and B is sacrificing by 1/14 . What was their old Ratio?

1:1

The correct answer is option 2- 1:1.

New ratio = 4:3
A gains by 1/14
B sacrifices by 1/14

Old ratio = New share - Gained share/ + sacrificed share

A's old share = 4/7 - 1/14
                     = (8-1) /14
                     = 7/14

B's old share = 3/7 + 1/14
                     = (6+1) /14
                     = 7/14

Old ratio = 7/14 :7/14
               = 1:1