Question

•Mr. Jones and Mr. Thomas

Answer 1

The profit should be shared in proportion to Mr Jones, Mr Thomas and Mr forson capitals in the ratio 21 : 32 : 27 respectively.

Proportion

• Mr Jones capital = $12600
• Mr Thomas capital =$19200
• Mr forson capital = $16200

Total capital = $12600 + $19200 + $16200

= $48,000

Mr Jones proportion = $12600 / $48,000

= 21/80

Mr Thomas proportion = $19200 / $48,000

= 32/80

Mr forson proportion = $16200 / $48000

= 27/80

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