Ahilya, Laxmi and Parvati are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2024, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner’s gain or sacrifice due to change in ratio.
[Ans.: Parvati gains 1/10th share and Laxmi sacrifices 1/10th share.]
Solution:-
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