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How much is the amount of the bonus

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Question - A, B, and C formed a partnership in 2018 with C as a managing partner. They agreed to share profit and loss in the ratio of 3:2:1. C will be given a bonus of 15% of the profit in excess of P1,000,000. P130,000 will be given to each partners as salary. The partnership earned a profit of P2,500,000 in November of 2021.

1. How much will be the share of Partner C in the profit?

2. Refer to the problem, how much is the share of Partner B?

3. Refer to the problem, except that the profit of the partnership is P975,000, how much will be the share of Partner A?

4. Refer to the problem, assume that the partnership has a profit of P1,250,000 and a bonus of 15% will be given to C based on profit after bonus, how much is the amount of the bonus?

Reference no: EM133084937

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