partnership

"Tanupan is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of profit after salaries and bonus as a way of dividing profits among the partners. Salaries traceable to the other partners is P100,000. What amount of profit would make the choices equal?"

Answer:

15,000 = .10 (Profit - Bonus - Salaries)

15,000 = .10(P - 15,000 - 125,000)

15,000 = .10P - 1,500 - 12,500

15,000 + 1,500 + 12,500 = .10P

29,000 = .10P

29,000/.10 = .10P/.10

290,000 = Profit


Answer: Php 290,000

40,000 = 25,000 + .10 (P - 15,000 - 125,000)
40,000 = 25,000 + .10P - 1,500 - 12,500
40,000 = 11,000 + .10P
40,000 - 11,000 = .10P
29,000 = .10P
29,000/.10 = .10P/.10
290,000 = P

It's the same though but I was just showing the 40,000 which is the amount that should be equal in both choices.

5,000 + .10 (P - 15,000 - 125,000)

40,000 = 25,000 + .10P - 1,500 - 12,500

40,000 = 11,000 + .10P

40,000 - 11,000 = .10P

29,000 = .10P

29,000/.10 = .10P/.10

290,000 = P

It's the same though but I was just showing the 40,000 which is the amount that should be equal in both choices.