How much profit share will silly receive

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Problem

Billy and Silly share profits in the ratio of 3:2. However, Billy is to receive a bonus of 20% of the profits, in addition to his profit share. The partnership made a net income for the year of P144,000 before the bonus. Get the instant assignment help. Assuming Billy's bonus is computed on net incomet after deducting the said bonus, how much profit share will Silly receive?

Reference no: EM133919637

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