How much profit will be allocated to marguerite

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Three M's is a partnership. The 3 partners are Millicent, Malika and Marguerite. The partners share profits and losses in a 8:5:7 ratio for Millicent, Malika and Marguerite, respectively. In 2020, the business had net income of $520,000. How much profit will be allocated to Marguerite?

Reference no: EM133272697

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