Question

Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9 : 8 : 7. If Radhika's share of profit at the end of the year amounted to Rs 5,40,000, Shubha's share of profit will be :

• A. Rs 5,40,000
• B. Rs 4,80,000
• C. Rs 60,000
• D. Rs 4,20,000

Hint:

When one partner's profit share and the PSR are known, find the value of 'one part' of the ratio first. Then multiply this value by the ratio part of the partner whose share you need to find.

Answer 1

The Correct Option is D

Step 1: Relate Radhika's Share to Her Ratio Part:
Profit Sharing Ratio = Radhika : Mehar : Shubha = 9 : 8 : 7.
Radhika's share (9 parts) = Rs 5,40,000.
Step 2: Find the Value of One Ratio Part:
Value of 1 part = Radhika's Profit / Radhika's Ratio Part
Value of 1 part = Rs 5,40,000 / 9 = Rs 60,000.
Step 3: Calculate Shubha's Share of Profit:
Shubha's Ratio Part = 7.
Shubha's Share = Value of 1 part \( \times \) Shubha's Ratio Part
Shubha's Share = Rs 60,000 \( \times \) 7 = Rs 4,20,000.
Conclusion:
Shubha's share of profit will be Rs 4,20,000.