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Santiago and Sebastien are partners in a business. Santiago's original capital investment was P400,000 and Sebastien's was P600,000. They agreed to share profits and losses
Santiago and Sebastien are partners in a business. Santiago's original capital investment was P400,000 and Sebastien's was P600,000. They agreed to share profits and losses as follows: Santiago Sebastien Salaries P120,000 P180,000 Interest on 10% 10% Original Capital Remaining profits or 3/5 2/5 losses If profit for the year was P150,000, what is the share of Santiago in the partnership profit
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