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) ₹5,00,000.
(B) ₹1,50,000.
(C) ₹3,00,000.
(D) ₹2,50,000.
Answers
Answer:
- Sarvesh (5/10) = 2,50,000
- Sriniketan (3/10) = 1,50,000
- Srinivas (2/10) = 1,00,000
Explanation:
Given:-
- Sarvesh,Srinikean&Srinivas are partners in a firm
- sharing profit&loss in the ratio 5:3:2
- If Sriniketan’s share of profit at the end of the year amounted to 1,50,000
To find:-
- partners share of profit
Profit sharing ratio
- Sarvesh = 5/10
- Sriniketan = 3/10
- Srinivas = 2/10
Sriniketan share of profit = 1,50,000 ⇒ which means total profit × 3/10
Sriniketan share = 3/10
Total profit of the firm = 1,50,000 × 10/3 = 5,00,000
Each partners share =
- Sarvesh (5/10) = 2,50,000
- Sriniketan (3/10) = 1,50,000
- Srinivas (2/10) = 1,00,000
Answer:
Answer:
Sarvesh (5/10) = 2,50,000
Sriniketan (3/10) = 1,50,000
Srinivas (2/10) = 1,00,000
Explanation:
Given:-
Sarvesh,Srinikean&Srinivas are partners in a firm
sharing profit&loss in the ratio 5:3:2
If Sriniketan’s share of profit at the end of the year amounted to 1,50,000
To find:-
partners share of profit
Profit sharing ratio
Sarvesh = 5/10
Sriniketan = 3/10
Srinivas = 2/10
Sriniketan share of profit = 1,50,000 ⇒ which means total profit × 3/10
Sriniketan share = 3/10
Total profit of the firm = 1,50,000 × 10/3 = 5,00,000
Each partners share =
Sarvesh (5/10) = 2,50,000
Sriniketan (3/10) = 1,50,000
Srinivas (2/10) = 1,00,000
Explanation: