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How much profit share will G receive

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Reference no: EM132713289

Problem 1: S and G share profits in the ratio 3:2. However, S is to receive a bonus of 20% of the profits, in additional to his profit share. The partnership made a profit for the year of P24,000 before the bonus. Assuming S bonus is computed on profit after deducting the said bonus, how much profit share will G receive?

a. P15,200
b. P8,000
c. P9,600
d. P9,000

Reference no: EM132713289

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