Question 1:
Om, Ram and Shanti were partners sharing profits
in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners
if C dies.
Answer:
Old Ratio (Om, Ram and Shanti) =1/2 :2/5 : 1/10 or 5 : 4 : 1
As we can see, no information is given as to how A and B are acquiring C's profit share after his death, so the new profit sharing ratio between Om, and Ram is calculated just by crossing out the Shanti’s share. That is, the new ratio becomes 5 : 4.
∴ New Profit Ratio (Om and Ram) = 5 : 4
Question 2:
From the following particulars,
calculate new profit-sharing ratio of the partners:
(a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio
of 5 : 5 : 4. Mohan died and his share was taken equally between Shiv and Hari.
(b) P, Q and R were partners sharing profits in the ratio of
5 : 4 : 1. P died from.
Answer:
(a)
Old Ratio (Shiv, Mohan and Hari) = 5 : 5 : 4
Mohan’s Profit Share = 5/14
His share is divided between Shiv and Hari equally i.e. in the ratio of 1: 1
Share
of mohan taken by shiv=5/14×1/2=5/28
Share of mohan taken by Hari=5/14×1/2=5/28
New Profit Share = Old Profit Share + Share taken from Mohan
Shiv’s new share=5/14+5/28=10+5/28=15/28
Hari’s new share=4/14+5/28=8+5/28=13/28
∴ New Profit Ratio (Shiv and Hari) = 15: 13
(b)
Old Ratio (P, Q and R) = 5: 4: 1
P’s Profit Share = 5/10
As we can see, no information is given as to how Q and R are acquiring P's profit share after his death, so the new profit sharing ratio between Q and R is calculated just by crossing out the P’s share. That is, the new ratio becomes 4 : 1
∴New Profit Ratio (Q and R) = 4: 1
Question 3:
A,
B and C
were partners sharing profits in the ratio of 4 : 3 : 2. A died, B and C
will share profits in the ratio of 2 : 1. Determine the gaining ratio.
Answer:
Old Ratio (A, B and C) = 4 : 3 : 2
New Ratio (B and C) = 2 : 1
Gaining Ratio=New Ratio − Old Ratio
B’s
gain=2/3-3/9=6-3/9=3/9
C’s
gain=1/3-2/9=3-2/9=1/9
∴Gaining Ratio = 3: 1
Question 4:
(a) W, X, Y and Z are
partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6
respectively. Y died and W, X and Z decide to share
the profits and losses equally in future.
Calculate gaining ratio.
(b) A, B and C are partners sharing profits and losses
in the ratio of 4: 3: 2. C died. A is acquiring 4/9 of C's
share and balance is acquired by B. Calculate the new
profit-sharing ratio and gaining ratio.
Answer:
(a)
Old Ratio (W, X, Y and Z) = of 1/3;1/6: 1/3;1/6 or 2 : 1 : 2 : 1
New Ratio (W, X and Z) = 1 : 1 : 1
Gaining Ratio = New Ratio − Old Ratio
W's Gain=1/3-2/6=2-2/6=0/6
X's Gain=1/3-1/6=2-1/6=1/6
Z's Gain=1/3-1/6=2-1/6=1/6
∴Gaining Ratio = 0: 1: 1
(b)
Old Ratio (A, B and C) = 4: 3: 2
C’s Profit Share =2/9
A acquires 4/9 of C’s Share and remaining share is acquired by B.
Share acquired by A=2/9×4/9=8/81
Share acquired by B=C’s share- Share acquired by A=2/9-8/81=10/81
New Profit Share = Old Profit Share + Share acquired from C
A’s new share=4/9+8/81=36+8/81=44/81
B’s new share=3/9+10/81=27+10/81=37/81
New Profit Ratio A and B = 44: 37
Gaining Ratio = New Ratio − Old Ratio
A's Gain=44/81-4/9=44-36/81=8/81
B's Gain=37/81-3/9=37-27/81=10/81
∴Gaining Ratio = 8: 10 or 4: 5
Question 5:
Keshv,
Nirmal, and Pankaj are
partners sharing profits in the ratio of 5: 3: 2. Pankaj died and
his share is taken by Keshv. Calculate new profit-sharing ratio
of Keshv and Nirmal.
Answer:
Old
Ratio (Keshv, Nirmal, and Pankaj) = 5: 3: 2
Pankaj died from the firm.
His profit share = 210
Pankaj’s share is taken by Keshv in entirety
New Ratio = Old Ratio + Share acquired from Pankaj
Keshv 's New Share: 5/10+2/10=7/10
Nirmal
's New Share: 3/10+0=310
∴ New
Profit Ratio (Keshv and Nirmal) = 7: 3
Ts Grewal Solution 2023-2024
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Class 12 / Volume – I