Soni, Moni and Toni are partners sharing profits in the ratio of 5:3:2. If Moni's share of profit at the end of the year amounted to Rs.1,50,000. What will be Soni's share of profits?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Rs. 2,50,000
Profits are shared in the ratio 5:3:2, so Moni's 3 parts tell the value of one part.
Moni's share = 3 parts = Rs. 1,50,000
One part = Rs. 1,50,000 / 3 = Rs. 50,000
Soni's share = 5 parts = 5 × Rs. 50,000 = Rs. 2,50,000
The total profit of the firm is 10 parts = Rs. 5,00,000, and Toni's share is Rs. 1,00,000.