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What amount will be allocated to stings

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Stings and Pierce from a partnership. Stings invests €100,000 and Pierce €200,000. If there are any profits or losses they will share them as follows:

They will receive a salary of €50,000
Any remaining amount will be allocated ¾ to Stings and ¼ to Pierce

Problem 1: If the partnership income for the yar is €90,000, what amount will be allocated to Stings and what to Pierce?

Reference no: EM132776700

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