Please Help. EL = ? AE = ? will vote brainliest if answer is correct. please show you work and how to do the question.
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Answer:
Three partners share for business. Each partner’s receive Max-$ 93,750 and Sherry-$ 100,000 and Duane-$ 56,250
<u>Solution:</u>
Given that three partners share the business
Max owns 3/8, Sherry owns 2/5, and Duane owns the rest
Profit of the year is 250,000
We need to find how much is the share of each partner
Share owned by Max
Share owned by Sharry =
Share owned by Duane
Total profit earned = $250,000
Thus, Max receives = = $93,750
Sharry receives = = $100,000
Duane receives = = $56,250
Hence the share of Max , Sharry and Duane is calculated.