CUET Preparation Today
Sindhu, Neha and Priya are partners, sharing profits in the ratio of 5 : 3 : 2. Calculate the new profit sharing ratio and gaining ratio if Neha retires: |
New profit sharing Ratio of Sindhu and Priya = 1 : 2 New profit sharing Ratio of Sindhu and Priya = 3 : 2 New profit sharing Ratio of Sindhu and Priya = 5 : 2 New profit sharing Ratio of Sindhu and Priya =7 : 2 |
New profit sharing Ratio of Sindhu and Priya = 5 : 2 |
The correct answer is Option (3) → New profit sharing Ratio of Sindhu and Priya = 5 : 2 When a partner retires and there is no specific agreement on how the retiring partner's share will be acquired, it is assumed that the continuing partners acquire the share in their existing profit-sharing ratio relative to each other. 1. New Profit Sharing Ratio (NPSR): The old ratio of the partners (Sindhu:Neha:Priya) is 5:3:2. Since Neha (with a 3/10 share) retires, the continuing partners' ratio, Sindhu and Priya, will simply be their old shares relative to each other. NPSR (Sindhu : Priya)=5:2
2. Gaining Ratio (GR)
The Gaining Ratio is the ratio in which the continuing partners acquire the retiring partner's share. In the absence of any other agreement, the continuing partners acquire the share in their old ratio relative to each other, which is the same as the New Profit Sharing Ratio. Gaining Ratio (Sindhu : Priya)=5:2
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