The old Profit Sharing ratio among M, N and P are 2:2:1. The New profit sharing ratio after N retirement is 3:2. The gaining ratio between M and P will be:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 1:1
When the new ratio of the continuing partners is given, each partner’s gain = new share − old share, and the gaining ratio is the ratio of these gains.
M’s gain = 3/5 − 2/5 = 1/5
P’s gain = 2/5 − 1/5 = 1/5
Gaining ratio of M and P = 1/5 : 1/5 = 1:1
Check: 1/5 + 1/5 = 2/5, which is N’s share. The new ratio 3:2 is not the gaining ratio, because M and P did not start from zero.
In the book’s version the partners are Rajender, Satish and Tejpal; the figures are the same.
NCERT (2026-27 edition):
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