The partner’s Paru-paru Gee and Kokak Yoo, share profits on the ratio 3:2. Partner’s Paru-paru Gee will receive a yearly bonus of 20% of the profits after deducting salaries and bonus, in addition to...

The partner’s Paru-paru Gee and Kokak Yoo, share profits on the ratio 3:2.
Partner’s Paru-paru Gee will receive a yearly bonus of 20% of the profits after deducting salaries and bonus, in
addition to his profit share;
While partner’s Kokak Yoo will receive an annual salary of P30,000, in addition to his profit share.
The annual profit is P90,000.

1. How much was the share of Paru-paru Gee on the partnership profit?
A. 30,000

C. 40,000

B. 40,800

D. 45,000

2. How much was the share of Kokak-Yoo on the partnership profit?
A. 60,000

C. 49,200

B. 50,000

D. 45,000

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