Question 1 Chapter 4 – Unimax Class 12 Part 1 – 2021

Question 1 Chapter 4 - Unimax Class 12 Part 1 - 2021

Question 1 Chapter 4 – Unimax Class 12 Part 1

1. M and N are two partners sharing profits and losses equally. They agree to share future profits and losses in ratio of 4 : 3. Calculate individual partner’s gain or sacrifice due to change in profit sharing ratio.

The solution of Question 1 Chapter 4 – Unimax Class 12 Part 1:

Old Share New Share Difference
M1/2 4/7 1/2-4/7=[-1/14]Gain
N1/2 3/7 1/2-3/7=1/14  Loss

M has gained 1/14th share and N has sacrificed 1/14th share.

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