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How much is their respective share in the profit

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Question - Cristine Janola are partners who made the following agreement on how to divide their profits and losses:

 

Gregorio

Janola

Salaries

P15,000

P20,000

Interest on original capital

10%

15%

Remainder

30%

70%

There has been no change in the capital balances of P200,000 and P300,000, respectively.

Required -

1. How much is their respective share in the profit of P150,000?

2. How much is their respective share in the profit of P100,000, assuming Gregorio will receive a bonus of 10% of the profit?

3. How much is their respective share if there is a loss of P50,000?

Reference no: EM133154771

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