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Anil, Sunil and Sahil were partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decide to share future profits and losses in the ratio of 3:2:1.Each partner’s gain or sacrifice due to change in the ratio will be: *?
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Anil, Sunil and Sahil were partners in a firm sharing profits and loss...
Solution:

Given data:

- Anil, Sunil and Sahil are partners in a firm.
- They share profits and losses in the ratio of 5:3:2.
- They decide to share future profits and losses in the ratio of 3:2:1.

To find:

- Each partner’s gain or sacrifice due to change in the ratio.

Calculation of new profit sharing ratio:

- The old profit sharing ratio is 5:3:2.
- The new profit sharing ratio is 3:2:1.
- The total of the old ratio is 5+3+2 = 10.
- The total of the new ratio is 3+2+1 = 6.
- To convert the old ratio to the new ratio, we need to divide the old ratios by the total of the old ratio and multiply by the total of the new ratio.

New profit sharing ratio of Anil:

- Anil's old ratio = 5/10
- Anil's new ratio = (5/10) x 6/1 = 3/1

New profit sharing ratio of Sunil:

- Sunil's old ratio = 3/10
- Sunil's new ratio = (3/10) x 6/1 = 9/5

New profit sharing ratio of Sahil:

- Sahil's old ratio = 2/10
- Sahil's new ratio = (2/10) x 6/1 = 3/5

Gain or sacrifice of each partner:

- Anil's gain or sacrifice = (New ratio - Old ratio) x Total profit
- Anil's gain or sacrifice = (3/1 - 5/10) x Total profit
- Anil's gain or sacrifice = -1/10 x Total profit
- Sunil's gain or sacrifice = (New ratio - Old ratio) x Total profit
- Sunil's gain or sacrifice = (9/5 - 3/10) x Total profit
- Sunil's gain or sacrifice = 3/2 x Total profit
- Sahil's gain or sacrifice = (New ratio - Old ratio) x Total profit
- Sahil's gain or sacrifice = (3/5 - 2/10) x Total profit
- Sahil's gain or sacrifice = 1/10 x Total profit

Conclusion:

- Anil will sacrifice 1/10 of the total profit.
- Sunil will gain 3/2 of the total profit.
- Sahil will gain 1/10 of the total profit.
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Anil, Sunil and Sahil were partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decide to share future profits and losses in the ratio of 3:2:1.Each partner’s gain or sacrifice due to change in the ratio will be: *?
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Anil, Sunil and Sahil were partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decide to share future profits and losses in the ratio of 3:2:1.Each partner’s gain or sacrifice due to change in the ratio will be: *? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Anil, Sunil and Sahil were partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decide to share future profits and losses in the ratio of 3:2:1.Each partner’s gain or sacrifice due to change in the ratio will be: *? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anil, Sunil and Sahil were partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decide to share future profits and losses in the ratio of 3:2:1.Each partner’s gain or sacrifice due to change in the ratio will be: *?.
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