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Peter, James, and John are partners with capital investments of P450,000,P350,000 and P500,000 respectively. Upon the formation of the business, the three agreed to share
Peter, James, and John are partners with capital investments of P450,000,P350,000 and P500,000 respectively. Upon the formation of the business, the three agreed to share profits and losses in the ratio of 4:3:3. Andrew was admitted into the partnership by investing cash of 9488,000 for a 30% interest in the partnership. How much is the bonus given by James to Andrew? Note: Round of answer to the nearest peso
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