B, P and L are partners in a firm sharing profits in the ratio 4:3:2. B retires, P and L decided to share profits in the future in the ratio of 5 : 3. Gaining ratio will be :
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 21:11.
Gained share = New share - Old share.
Old ratio = 4:3:2 (B, P and L)
B retires
New ratio = 5:3 (P and L)
Gain of P = 5/8 - 3/9
= (45-24)/72
= 21/72
Gain of L = 3/8 - 2/9
= (27-16)/72
= 11/72
Gaining Ratio = 21/72 : 11/72
= 21:11