1.

X, Y, and Z were sharing profits in the ratio of 3:2:1. Z retires from the firm. X and Y decide to share future profits in the ratio of 7:5. Calculate the gaining ratio.

Answer»
XYZ
Old ratio (X,Y and Z)\(\frac{3}{6}\)\(\frac{2}{6}\)\(\frac{1}{6}\)
New ratio (X and Y)\(\frac{7}{12}\)\(\frac{5}{12}\)

Gain = new share - Old share

Gaining ratio (X and Y) = \(\frac{7}{12}=-\frac{3}{6}; \frac{5}{12}- \frac{2}{6}\)

= \(\frac{7-6}{12} = \frac{1}{12}; \frac{5-4} {12} = \frac{1}{12}\)


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