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Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ?
Most Upvoted Answer
Dipak,Nilesh and pratik are the parents of partnership firm. their pro...
(1)Dipak : 2/5 - 1/6=7/30(gain)
(2)Nilesh : 2/5 - 2/6=2/30(gain)
(3)Pratik : 1/5 - 3/6=-9/30(loss)
(2)Nilesh : 2/5 - 2/6=2/30(gain)
(3)Pratik : 1/5 - 3/6=-9/30(loss)
Community Answer
Dipak,Nilesh and pratik are the parents of partnership firm. their pro...
Introduction:
Dipak, Nilesh, and Pratik are partners in a partnership firm. Initially, their profit-loss sharing ratio was 1:2:3. However, they have now decided to change the ratio to 2:2:1 for future profits. In this scenario, we need to calculate the gain received by each partner.
Calculating the New Profit-Loss Sharing Ratio:
The initial profit-loss sharing ratio was 1:2:3. To change it to the new ratio of 2:2:1, we need to calculate the total units of ratio.
The total units in the initial ratio are 1+2+3 = 6.
The total units in the new ratio are 2+2+1 = 5.
Calculating the Gains:
To calculate the gain received by each partner, we need to compare the new ratio with the old ratio.
Nilesh:
In the old ratio, Nilesh's share was 2 out of 6 units, which is equivalent to 1/3 (2/6).
In the new ratio, Nilesh's share is 2 out of 5 units, which is equivalent to 2/5.
The difference in Nilesh's share is (2/5 - 1/3) = (6/15 - 5/15) = 1/15.
This means Nilesh gains 1/15 of the total profit.
Pratik:
In the old ratio, Pratik's share was 3 out of 6 units, which is equivalent to 1/2 (3/6).
In the new ratio, Pratik's share is 1 out of 5 units, which is equivalent to 1/5.
The difference in Pratik's share is (1/5 - 1/2) = (2/10 - 5/10) = -3/10.
This means Pratik loses 3/10 of the total profit.
Dipak:
Since Nilesh gained 1/15 of the profit and Pratik lost 3/10 of the profit, the remaining profit must be gained by Dipak.
The total gain received by Dipak is 1 - (1/15) - (-3/10) = 1 + 1/15 + 3/10 = 40/30 + 2/30 + 9/30 = 51/30.
Therefore, Dipak gains 51/30 of the total profit.
Conclusion:
In the new profit-loss sharing ratio of 2:2:1, Nilesh gains 1/15 of the profit, Pratik loses 3/10 of the profit, and Dipak gains 51/30 of the profit.
Dipak, Nilesh, and Pratik are partners in a partnership firm. Initially, their profit-loss sharing ratio was 1:2:3. However, they have now decided to change the ratio to 2:2:1 for future profits. In this scenario, we need to calculate the gain received by each partner.
Calculating the New Profit-Loss Sharing Ratio:
The initial profit-loss sharing ratio was 1:2:3. To change it to the new ratio of 2:2:1, we need to calculate the total units of ratio.
The total units in the initial ratio are 1+2+3 = 6.
The total units in the new ratio are 2+2+1 = 5.
Calculating the Gains:
To calculate the gain received by each partner, we need to compare the new ratio with the old ratio.
Nilesh:
In the old ratio, Nilesh's share was 2 out of 6 units, which is equivalent to 1/3 (2/6).
In the new ratio, Nilesh's share is 2 out of 5 units, which is equivalent to 2/5.
The difference in Nilesh's share is (2/5 - 1/3) = (6/15 - 5/15) = 1/15.
This means Nilesh gains 1/15 of the total profit.
Pratik:
In the old ratio, Pratik's share was 3 out of 6 units, which is equivalent to 1/2 (3/6).
In the new ratio, Pratik's share is 1 out of 5 units, which is equivalent to 1/5.
The difference in Pratik's share is (1/5 - 1/2) = (2/10 - 5/10) = -3/10.
This means Pratik loses 3/10 of the total profit.
Dipak:
Since Nilesh gained 1/15 of the profit and Pratik lost 3/10 of the profit, the remaining profit must be gained by Dipak.
The total gain received by Dipak is 1 - (1/15) - (-3/10) = 1 + 1/15 + 3/10 = 40/30 + 2/30 + 9/30 = 51/30.
Therefore, Dipak gains 51/30 of the total profit.
Conclusion:
In the new profit-loss sharing ratio of 2:2:1, Nilesh gains 1/15 of the profit, Pratik loses 3/10 of the profit, and Dipak gains 51/30 of the profit.
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Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ?
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Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ?.
Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dipak,Nilesh and pratik are the parents of partnership firm. their profit-loss sharing ratio is 1:2:3, which is decided to change to 2:2:1 respectively for future.under these circumstances, calculate what gain is received by which partner ?.
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