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7 October, 14:36

Allison and josh are partners in a business. allisons capital is $60,000, and joshs capital is $100,000. profits for the year are $80,000. they agree to share profits and losses as follows:

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  1. 7 October, 17:19
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    Hi there

    The share of profit and loss based on their proportion of their capital

    Total capital is

    100000+60000=160000

    Allison's share of profit is

    80,000 * (60,000:160,000) = 30,000

    joshs share of profit is

    80,000 * (100,000:160,000) = 50,000

    Good luck!
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