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If A’s old share is \(\frac{2}{7}\) and the new share is \(\frac{4}{7}\), what is A’s gaining share?

Answer and explanation

Correct answer: \(\frac{2}{7}\)

Gaining share = New share − Old share. Therefore, \(\frac{4}{7}-\frac{2}{7}=\frac{2}{7}\). Option C represents only the new share, not the gain. Exam tip: Always subtract the old share from the new share to find the gaining share.

Related tags

Gaining SharePartnership AccountsFraction CalculationNew RatioEasyNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancy

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