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Partnership income after deducting bonus

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The partners A and B, share profits 3:2. However, A is to receive a yearly bonus of 20% of the profits, in addition to his profit share. The partnership made a net income for the year of P24,000 before bonus.

Required: Assuming A's bonus is computed on profits after deducting said bonus, how much profit share will B receive?

MANSOUR, an active partner of Al Ahli Partnership receive an annual bonus of 25% of the partnership income after deducting the bonus. For the year ended, December 31, 2020, partnership income before the bonus amounted to P240,000,

Required: How much is the bonus of MANSOUR for the year 2020?

Reference no: EM133239530

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