Keshav, Nirmal and Pankaj are partners sharing profits and losses in the ratio of 4:3:2. Nirmal retires and the goodwill is valued at Rs. 72,000. Keshav and Pankaj decided to share future profits and losses in the ratio of 5: 3. Gaining Ratio of Keshav and Pankaj is:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 13/24:11/24
On retirement, the continuing partners take over the retiring partner’s share. Gaining share = New share − Old share. The goodwill figure is not needed to find the ratio.
Keshav:
New share 5/8 − Old share 4/9 = 45/72 − 32/72 = 13/72
Pankaj:
New share 3/8 − Old share 2/9 = 27/72 − 16/72 = 11/72
Gaining ratio = 13/72 : 11/72 = 13:11, written in the options as 13/24 : 11/24. The two gains add up to 24/72 = 3/9, Nirmal’s old share.
NCERT (2026-27 edition):
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