R, S and K are partners sharing profits in the ratio of 4:3:2. R retires. S and K decided to share profits in the future in the ratio of 5:3. Gaining ratio of S and K will be:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) - 21:11.
Gaining share = New share - old share
Gain of S = 5/8 - 3/9
= (45-24) / 72
= 21/72
Gain of K = 3/8 - 2/9
= (27-16) / 72
= 11/72
Gaining ratio = 21/72 : 11/72
= 21:11