X, Y, Z were partners sharing profits and losses in the ratio of 1:2:3. Z retired and his capital after making all adjustments is ₹220000. X & Y agreed to pay him ₹250000 in full settlement of his claim. The new profit-sharing ratio is 1:3. |
What is the gaining ratio? |
1:5 5:1 3:2 1:3 |
1:5 |
Gain of partner = New share - Old share |