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How much should be allocated to A

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Reference no: EM132713292

Problem 1: A and D have the following profit and loss agreement: salaries of P30,000 and P45,000 for A and D, respectively; a bonus to A of 10% of profit after salaries and bonus; and interest of 10% on average capital balances of P20,000 and P35,000 for A and D, respectively. 1/3 of any remaining profit is allocated to A and the balance to D. If the partnership had profit of P102,500, how much should be allocated to A?

a. P41,000
b. P41,167
c. P44,250
d. P47,500

Reference no: EM132713292

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