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X, Y and Z are sharing profits and losse...

X, Y and Z are sharing profits and losses in the ratio of 5:3:2. With effect from 1st April, 2019, they decide to share profits and losses in the ratio of 5:2:3. Calculate each partner's gain or sacrifice due to the change in ratio.

Text Solution

Verified by Experts

The correct Answer is:
Z gains `1//10th` share and Y sacrifices `1//10th` share.
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