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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?

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?

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Solution

Step 1: Identify the ratio of the partners' shares. In this case, the ratio is 5:3:2 for Sarvesh, Sriniketan, and Srinivas respectively.

Step 2: Identify the value of one part of the ratio. We know that Sriniketan's share of the profit, which corresponds to 3 parts of the ratio, is ₹1,50,000. Therefore, one part of the ratio is ₹1,50,000 divided by 3, which equals ₹50,000.

Step 3: Calculate Sarvesh's share of the profits. Since Sarvesh's share corresponds to 5 parts of the ratio, we multiply the value of one part of the ratio (₹50,000) by 5.

So, Sarvesh's share of the profits is ₹50,000 * 5 = ₹2,50,000.

This problem has been solved

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