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If the remaining partners’ new ratio is 9:8 and their old shares were 1/2 and 1/3, what will be their gaining ratio?

Answer and explanation

Correct answer: 3:14

Gaining ratio is calculated from the increases in the partners’ shares, not from the final ratio itself. The new shares are 9/17 and 8/17. For the first partner, gain = 9/17 − 1/2 = (18 − 17)/34 = 1/34. For the second partner, gain = 8/17 − 1/3 = (24 − 17)/51 = 7/51. To compare these gains, use denominator 102: 1/34 = 3/102 and 7/51 = 14/102. Hence the gaining ratio is 3:14. Option A is correct. Options B and C confuse the new ratio or old-share relationship with the actual gains, while option D incorrectly assumes equal acquisition.

Related tags

Gaining RatioNew RatioOld SharesNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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