Ramesh and Suresh are partners in a firm sharing profits in the ratio of 4:3. They admitted Mohan as a new partner. The profit sharing ratio of Ramesh, Suresh and Mohan will be 2:3:1. Calculate the gain or sacrifice of old partner.

Explanation

`{:("Ramesh's old share",=,(4)/(7)),("Ramesh's new share",=,(2)/(5)),("Ramesh's sacrifice",=,(4)/(7)-(2)/(6)=(10)/(42)),("Suresh's new share",=,(3)/(6)),("Suresh's old share",=,(3)/(7)),("Suresh's gain",=,(3)/(6)-(3)/(7)=(3)/(42)),("Mohan's share",=,(1)/(6)or(7)/(42)),("Ramesh's sacrifice",=,"Suresh's gain+Mohan's gain"),(,=,(3)/(42)+(7)/(42)=(10)/(42)):}`
In this case, the whole sacrifice is by Ramesh.