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A and B agreed to share the partnership's profit as follows: To A: P5,000 salary per month, 4% bonus after salary and bonus To B:

A and B agreed to share the partnership's profit as follows:

To A: P5,000 salary per month, 4% bonus after salary and bonus

To B: The remaining balance

What is the amount of Fred's share from the partnership's income of P400,000?

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