Siya, Suresh and Seema are partners in a firm sharing profits and losses in the ratio of 3:2:1. Seema retires from the firm and the new profit sharing ratio between Siya and Suresh is 3:2. What will be the gaining ratio between Siya and Suresh?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- 3:2.
Gaining share = New share - Old share
Siya's gain = 3/5-3/6
= (18-15)/30
= 3/30
Suresh's gain = 2/5-2/6
= (12-10)/30
= 2/30
Gaining ratio = 3/30 : 2/30
= 3:2