Three ladies form a partnership. They contribute the same amount of capital and they have agreed to share equally on the profits. If a loss occurs, need they share equally on the loss? If they each put in roughly the same amount of time, can their salaries be different? Explain your answer in both cases.

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The Answer of Three ladies form a partnership. They contribute the same amount of capital and they have agreed to share equally on the profits. If a loss occurs, need they share equally on the loss? If they each put in roughly the same amount of time, can their salaries be different? Explain your answer in both cases.

Three Ladies Form a Partnership