The required share of John in the profit is given as $8000. Option B is correct.
Given that,
John, Sally, and Jane form a partnership. They agree to distribute profits by paying Sally a $50,000 salary and distributing the balance using a 2:1:2 ratio respectively. Profits for the year are $70,000.
<h3>What is the Ratio?</h3>
The ratio can be defined as the proportion of the fraction of one quantity towards others. e.g.- water in milk.
here,
total profit = 70000
Sally is salary = 50000
remaining profit = 70000 - 50000 = $20000
Now,
total share as of the proportions is 2 + 1 + 2 = 5
Jhon proportion for the share of the profit = 2 / 5
Now,
John share = 2 / 5 [20000] = $8000
Thus, the required share of John in the profit is given as $8000. Option B is correct.
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