Your explanation seems to have a discrepancy. If the partnership's gain is $50,000 and Maxine is responsible

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Your explanation seems to have a discrepancy. If the partnership's gain is $50,000 and Maxine is responsible for 65% of it, then her share of the gain would be $32,500, not $20,000. The calculation would be as follows: 1. Calculate the total gain: Selling price - Purchase price = Gain $110,000 - $60,000}