A, B and C are partners with C as the industrial partner. A contributed P50,000 and B contributed P100,000. The partnership operates a burger joint and agreed that the industrial partner will receive 10% of the profits. 1. At the end of the year, the partnership earned profits of P50,000. How will the profits be divided?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A, B and C are partners with C as the industrial
partner. A contributed P50,000 and B contributed
P100,000. The partnership operates a burger joint
and agreed that the industrial partner will receive
10% of the profits.
1. At the end of the year, the partnership earned
profits of P50,000. How will the profits be divided?
Transcribed Image Text:A, B and C are partners with C as the industrial partner. A contributed P50,000 and B contributed P100,000. The partnership operates a burger joint and agreed that the industrial partner will receive 10% of the profits. 1. At the end of the year, the partnership earned profits of P50,000. How will the profits be divided?
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