Anand, Bahadur and Chander are partners, sharing profit equally. On C…

The correct answer is Option (1) → 33.33 % (1/3)

Note: For this question, Option (4) could also be a possible answer, as explained below.

A continuing partner's gain is his new share minus his old share.

• Old shares (equal): Anand 1/3, Bahadur 1/3, Chander 1/3

• Chander's share of 1/3 is acquired by Anand only

• Anand's new share = 1/3 + 1/3 = 2/3; Bahadur's share stays 1/3

• Anand's gain = 2/3 − 1/3 = 1/3 = 33.33% of the firm's profit

Option (1) 33.33 % (1/3) — Correct. Anand gains 1/3 of the firm's profit, which is 33.33%.

Option (2) 66.66 % (2/3) — Incorrect. 2/3 is Anand's new share after the retirement, not his gain.

Option (3) 70.33 % — Incorrect. No working on these figures gives 70.33%.

Option (4) 100 % — Should also be correct. If “gaining percentage” is read as Anand's part of Chander's share, Anand takes the whole of it, so his gaining ratio with Bahadur is 1:0 and he takes 100% of the share given up.