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How much was invested by Jessica

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Question - Erica and Paul, having capital balances of P980,000 and P525,000 respectively, decided to admit Jessica into their partnership. Jessica is to invest sufficient amount in order to have a 25% interest in the partnership. If Erica and Paul share profit in a proportion of 3:1 respectively, and Paul's capital balance after Jessica's investment is P589,750, how much was invested by Jessica?

Reference no: EM133020384

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