Solution:

Given Data:

*The angle of the V-belt is:   

*The coefficient of friction is:   

*The weight of the handle is: W  2 lb

*The magnitude of the force at the end is: F  50 lb

The free body diagram of the handle is shown below:

Here, T1 is the tension in the belt along the tight side, T2 is the tension in the belt
along the slack side.
The ratio of tensions in the flat belt drive for V-belt is:
T1
 e  
T2
  
T1  0.140 
 e 180 

T2
T1
 1.0723..................  1
T2

Take the moment of all the forces on the handle about pivot P:

M P 0
 1 ft   1 ft   1 ft   1 ft 
 T2  3 in     2 lb  9 in     T1  9 in     50 lb  27 in  0
 12 in   12 in   12 in   12 in 
T2 3T1
  112.5  1.5
4 4
T2  444  3T1.........................  2 

Substitute equation (1) in equation (2):

T2  444   3  1.0723T2 
2.2169T2  444
T2  200.3 lb

T1  1.0723  T2
 214.78 lb

Thus, the net torque is:

Tnet   T1  T2   r
 1 ft 
Tnet   214.78 lb  200.3 lb    6 in  
 12 in 
Tnet  7.24 lb  ft