# Question 11 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-11 - CH-6 - Usha +2 Book 2018 - Solution

Question 11 Chapter 6 of +2-Part-1

11.(NPS/Gaining Ratio) X , Y and Z are sharing profit in the ratio of 9 : 7 : 4. Y retires. Amount due to Y on retirement on account of goodwill, was calculated to be Rs. 42,000.
Calculate new and gaining ratio if

1. X contributes Rs. 24,000 and Z Rs.18,000 to payout Y.
2. X contributes Rs. 12,000 and Z Rs. 30,000 to payout Y.

## The solution of Question 11 Chapter 6 of +2 Part-1: –

Calculation of Gaining ratio

 (a) Old profit sharing ratio of X , Y & Z = 9 : 7 : 4 20 20 20

Goodwill payable to Y = Rs 42,000

Amount contributes by X & Z to Y on his retirement is Rs. 24,000 & Rs. 18,000
respectively , i.e. , in the ratio 4 : 3
Thus Y’s share has been bought by X & Y in the ratio 4 : 3 ‘ i.e. , gaining ratio
X’s New share = Old share + Gain

 X’s New share = Old share + Gain = 9 + 4 of 7 20 7 20 = 9 + 4 20 20 = 13 20
 Z’s New share = Old share + Gain = 4 + 3 of 7 20 7 20 = 4 + 3 20 20 = 7 20

Gaining ratio = 13 : 7

 (b) Old profit sharing ratio of X , Y & Z = 9 : 7 : 4 20 20 20

Goodwill payable to Y =  Rs 42,000
Amount contributes by X & Z to Y on his retirement is Rs. 12,000 & Rs. 30,000
respectively , i.e. , in the ratio 2 : 5
Thus Y’s share has been bought by X & Y in the ratio 2: 5 ‘ i.e., gaining ratio

 X’s New share = Old share + Gain = 9 + 2 of 7 20 7 20 = 9 + 2 20 20 = 11 20
 Z’s New share = Old share + Gain = 4 + 5 of 7 20 7 20 = 4 + 5 20 20 = 9 20

Gaining ratio = 11 : 9

Comment if you have any questions.

Also, Check out the solved question of previous Chapters: –