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Find how much is the shares of A

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A and B join a joint arrangement for the sale of certain merchandise. The joint operators agree to the following:

A shall be allowed a commission of 10% on his net purchases; the joint operators shall be allowed commissions of 25% on their respective sales; and A and B shall divide the profit or loss 60% and 40%, respectively.

Joint arrangements transactions follow:

Dec. 1: A make cash purchase of P57,000.00
Dec. 3: B pays joint arrangement expenses of P9,000.00
Dec. 5: Sales are as follows: A. P48,000; B.P36,000. The participants keep their own cash receipts.
Dec. 7: A returns unsold merchandise and receives P15,000 cash.
Dec. 15: The participants make cash settlement.

Question 1: In the distribution of the balance in net profit of the joint arrangement, how much is the shares of A?

Reference no: EM132584519

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