On the basis of the information given answer the question below :
Akhil, Karan and Sakshi are partners sharing profits in the ratio 5 : 3 : 2. Goodwill already appear in the books ₹60,000. Karan decided to retire from the firm. Goodwill of the firm was valued at ₹2,40,000. Existing partners decided to share profits in the ratio 3 : 2.
Gaining Ratio of Akhil and Sakshi will be:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) - 1 : 2.
Old ratio = 5:3:2 (Akhil, Karan and Sakshi)
New ratio = 3:2 (Akhil and Sakshi)
Gain of Akhil = 3/5 - 5/10
= (6-5)/10
= 1/10
Gain of Sakshi = 2/5 - 2/10
= (4-2)/10
= 2/10
GAINING RATIO = 1/10 : 2/10
= 1:2