# 12th | Ts grewal 2022-2023 Question 6 to 10 | Retirement of A Partner

#### Question 6:

(a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y retires and W, X and Z decide to share the profits and losses equally in future.
Calculate gaining ratio.
(b) A, B and are partners sharing profits and losses in the ratio of 4: 3: 2. C retires from the business. A is acquiring 4/9 of C's share and balance is acquired by B. Calculate the new profit-sharing ratio and gaining ratio.

(a)

Old Ratio (W, X, Y and Z) = of 1/3;1/6: 1/3;1/6 or 2 : 1 : 2 : 1

New Ratio (W, X and Z) = 1 : 1 : 1

Gaining Ratio = New Ratio − Old Ratio

W's Gain=1/3-2/6=2-2/6=0/6

X's Gain=1/3-1/6=2-1/6=1/6

Z's Gain=1/3-1/6=2-1/6=1/6

Gaining Ratio = 0: 1: 1

(b)

Old Ratio (A, B and C) = 4: 3: 2

C’s Profit Share =2/9

A acquires 4/9 of C’s Share and remaining share is acquired by B.

Share acquired by A=2/9×4/9=8/81

Share acquired by B=C’s share- Share acquired by A=2/9-8/81=10/81

New Profit Share = Old Profit Share + Share acquired from C

A’s new share=4/9+8/81=36+8/81=44/81

B’s new share=3/9+10/81=27+10/81=37/81

New Profit Ratio A and B = 44: 37

Gaining Ratio = New Ratio − Old Ratio

A's Gain=44/81-4/9=44-36/81=8/81

B's Gain=37/81-3/9=37-27/81=10/81

Gaining Ratio = 8: 10 or 4: 5

#### Question 7:

Kumar, Lakshya, Manoj and Naresh are partners sharing profits in the ratio of 3 : 2 : 1 : 4. Kumar retires and his share is acquired by Lakshya and Manoj in the ratio of 3 : 2. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.

Kumar's share=3/10acquired by Lakshya and Manoj in 3:2

Share acquired by Lakshya=3/10×3/5=9/50

Share acquired by Manoj=3/10×2/5=6/50

Lakshya's New Share=2/10+9/50=19/50

Manoj's New Share=1/10+6/50=11/50

Naresh's share (as retained)=4/10 or 20/50

New Profit Sharing Ratio=19:11:20
Gaining Ratio = 3:2 (as given in the question)

#### Question 8:

A, B, and C were partners in a firm sharing profits in the ratio of 8 : 4 : 3. B retires and his share is taken up equally by A and C. Find the new profit-sharing ratio.

Old Ratio (A, B and C) = 8 : 4 : 3

B retires from the firm.

His profit share = 4/15

B’s share taken by A and C in ratio of 1: 1

Share taken by A: 4/15×1/2=2/15

Share taken by C: 4/15×1/2=2/15

New Ratio = Old Ratio + Share acquired from B

A's New Share: 8/15+2/15=10/15=2/3

C's New Share: 3/15+2/15=5/15=1/3

New Profit Ratio (A and C) = 2: 1

#### Question 9:

A, B, and C are partners sharing profits in the ratio of 5: 3: 2. C retires and his share is taken by A. Calculate new profit-sharing ratio of A and B.

Old Ratio (A, B and C) = 5: 3: 2

C retires from the firm.

His profit share = 210

C’s share is taken by A in entirety

New Ratio = Old Ratio + Share acquired from C

A's New Share: 5/10+2/10=7/10

B's New Share: 3/10+0=310

New Profit Ratio (A and B) = 7: 3

#### Question 10:

Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favour of Naveen and remaining share in favour of Omprakash. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.

Old Ratio=3:4:1

Murli's share=3/8

Share acquired by Naveen=3/8×2/3=2/8

Remaining Share=3/8−2/8=1/8 (acquired by Omprakash)

Gaining Ratio=28:18=2:1

Naveen's New Share=4/8+2/8=6/8

Omprakash's New Share=1/8+1/8=2/8

New Profit Sharing Ratio=3:1

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