Two students (Pedro and Juan) agreed to pool their resources and bought five slightly damaged computer units worth Php65,000. Pedro paid Php40,000 and Juan paid Php25,000. When the computers are repaired, three units were sold at Php26,500 each. The two unsold units were brought home by Pedro for his personal use. If the total cost of the repair is Php10,000, how should the two students divide the cash equitably? Or how much should each one of them get?
Two students (Pedro and Juan) agreed to pool their resources and bought five slightly damaged computer units worth Php65,000. Pedro paid Php40,000 and Juan paid Php25,000. When the computers are repaired, three units were sold at Php26,500 each. The two unsold units were brought home by Pedro for his personal use. If the total cost of the repair is Php10,000, how should the two students divide the cash equitably? Or how much should each one of them get?
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 53P: For each of the following, determine the amount that should be included in gross income: a. Peyton...
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Two students (Pedro and Juan) agreed to pool their resources and bought five
slightly damaged computer units worth Php65,000. Pedro paid Php40,000 and
Juan paid Php25,000. When the computers are repaired, three units were sold at
Php26,500 each. The two unsold units were brought home by Pedro for his
personal use. If the total cost of the repair is Php10,000, how should the two
students divide the cash equitably? Or how much should each one of them get?
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