5. In its first year of operations, A and B's partnership business earmed profit of P2,500,000. It was agreed that A is to have an annual salary allowance of P100,000 and a 20% bonus based on profit...

5. How much is the share of B? This is not a part of our exam but is included in the reference book and I want to review its answer.

Extracted text: 5. In its first year of operations, A and B's partnership business earmed profit of P2,500,000. It was agreed that A is to have an annual salary allowance of P100,000 and a 20% bonus based on profit after deducting the salary and the bonus. However, there has been no stipulation on how the remaining profit is to be shared between A and B. A contributed P300,000, while B contributed P500,000. How much is the share of B? a. 1,250,000 b. 1,060,000 c 1,350,000 d. 1,080,000