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So, Sa, and Se formed a joint venture. So has been designated as manager of the venture, of which he is receive a bonus of 15% of the profit after deduction of the bonus as an expense. The net profit after bonus has been agreed to be divided as follows: So, 25%; Sa, 40%; and Se, 35%.
Requirements:
Problem a. How much is the bonus to So? Explain the answer.
Problem b. How much is the share of Sa in the venture profit? Explain the answer.
Problem c. How much is the cash settlement received by Sa and Se? Explain the answer.
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