Question

Sarvesh, Sriniketan and Srinivas are partners in the ratio of 5 : 3 : 2. If Sriniketan’s share of profit at the end of the year amounted to ₹ 1,50,000, what will be Sarvesh’s share of profits?

Options

• ₹ 5,00,000

• ₹ 1,50,000

• ₹ 3,00,000

• ₹ 2,50,000

Answer 1

₹ 2,50,000

Explanation:

Sarvesh, Sriniketan and Srinivas share profits in the ratio of 5 : 3 : 2.

Sriniketan’s share of profit = ₹ 1,50,000

Ratio of Sarvesh and Sriniketan = 5 : 3

Sarvesh’s share = `1,50,000 xx 5/3`

= 50,000 × 5

= ₹ 2,50,000