[CBSE] DK Goel Q. 1 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

Solution of Question 1 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25)

X and Y were partners in a firm sharing profits in the ratio of 5 : 3. With effect from 1st April, 2023 they agreed to share profits equally. Calculate the individual partner’s gain or sacrifice due to change in ratio.

[Ans. X sacrifices and Y gains 1/8the share]

Solution:-

A and B were in partnership sharing profits equally. With effect from 1st April, 2023 they agreed to share profits in the ratio of 4 : 3. Calculate the individual partner’s gain or sacrifice due to change in ratio.

[Ans. A gains and B Sacrifices 1/14th share.]