Amit, Dinesh, and Gagan are partners sharing profits in the ratio of . Dinesh retires. Amit and Gagan decide to share the profits of the new firm in the ratio of . The gaining ratio between Amit and Gagan will be:
- A
- B
- C
- D
Solution & Step-by-step Explanation
The formula for calculating the Gaining Share is:
Given details:Old Ratio of Amit, Dinesh, and Gagan = Old Shares: Amit = , Gagan = New Ratio of Amit and Gagan = New Shares: Amit = , Gagan = Calculating the gaining shares:Amit's Gain = Gagan's Gain = Comparing the gains of Amit and Gagan:
Given details:Old Ratio of Amit, Dinesh, and Gagan = Old Shares: Amit = , Gagan = New Ratio of Amit and Gagan = New Shares: Amit = , Gagan = Calculating the gaining shares:Amit's Gain = Gagan's Gain = Comparing the gains of Amit and Gagan: