X and Y share profits in the ratio 2 :3. In future they have decided to share profits in equal ratio. Which partner will sacrifice in which ratio?
Answer & explanation
Correct answer: option 3
sacrifice ratio = old ratio-new ratio
X Gain = 2/5-1/2 = 1/10(gain)
Y sacrifice = 3/5-1/2 = 1/10( sacrifice)
X Gain = 2/5-1/2 = 1/10(gain)
Y sacrifice = 3/5-1/2 = 1/10( sacrifice)