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How much should be allocated to espiritu

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Problem 1: Espiritu and Cheng have the following profit and loss agreement: salaries of P30,000 and P45,000 for Espiritu and Cheng, respectively; a bonus to Espiritu of 10% of profit after salaries and bonus; interest of 10% on average capital balances of P20,000 and P35,000 for Espiritu and Cheng, respectively; and any balance equally. If the profit if P102,500, how much should be allocated to espiritu?

a 58250
b 47796
c 44250
d 44125

Reference no: EM132773203

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