Gary and Felix are partners of a general partnership.Gary does two-thirds of the partnership work,while Felix does one-third of the work.Last year the partnership earned $300,000 in profits.Under the RUPA,how much of the $300,000 is Felix entitled to receive?
A)$200,000
B)$150,000
C)$100,000
D)$250,000

Question

Quizplus · Accepted Answer

Unless there is an agreement to the contrary,partners share partnership profits equally,according to the number of partners,and not according to their capital contributions or the amount of time that each devotes to the partnership.

Gary and Felix Are Partners of a General Partnership