18. 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? (A) 75,00,000 (B) 71,50,000. 3,00,000. (C) (D) *2,50,000.
Answers
Answer:
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? ₹5,00,000.
option d
Explanation:
Sriniketan’s share of profit = 1,50,000 for 3/10th part
Total profit of the firm =
= ₹ 5,00,000
Sarvesh’s share in profit of the firm =
= ₹ 2,50,000
Explanation:
Given :
- Sarvesh, Sriniketan and Srinivas are partners in the ratio of 5:3:2
- Sriniketan's share of profit at the end of the year amounted to 1,50,000
To find :
- Sarvesh's share of profits
Solution :
★ Profit sharing ratio =
Sarvesh : Sriniketan : Srinivas = 5 : 3 : 2
- Sarvesh's share = 5/10
- Sriniketan's share = 3/10
- Sriniva's share = 2/10
★ According to the Question :
If Sriniketan's share of profit at the end of the year amounted to 1,50,000
• Sriniketan's share = 3/10 (profit sharing ratio)
3/10 = 1,50,000
• Total profit of all partners =
= (1,50,000 × 3)/10
= 5,00,000
Total profit = 5,00,000
• Sarvesh's share of profits =
= (5,00,000 × 5)/10
= 2,50,000
Sarvesh's share of profits = 2,50,000
Therefore, Option (D) 2,50,000
Sarvesh's share of profits = 2,50,000