Rex and Sandy are partners.Rex has a capital balance of $380,000 and Sandy has a capital balance of $250,000.Marcus invests a building worth $200,000 to acquire interest in the new partnership.How much will be the partnership share of Marcus after he makes the investment? (Assume no bonus to any partner. )

Question

Quizplus · Accepted Answer

The total capital of the partnership after Marcus' investment will be:

$380,000 + $250,000 + $200,000 = $830,000

Marcus' share will be:

$200,000 / $830,000 = 0.24096385542

Therefore, Marcus' share in the partnership will be approximately 24.1%.

Rex and Sandy Are Partners