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What amount of profit would make the choices equal

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Reference no: EM132713294

Problem 1: T is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of profit after salaries and bonus as a way of dividing profits among the partners. Salaries traceable to the other partners is P100,000. What amount of profit would make the choices equal?

a. P165,000
b. P265,000
c. P290,000
d. P305,000

 

Reference no: EM132713294

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