Adamu, Babaji and Chukwu are in partnership and they shar...
Adamu, Babaji and Chukwu are in partnership and they share profit and losses on ratio 3:2:1. Their respective capitals are N20,000, N15,000 and N5,000 on which on which they are entitle to interest at 5% per annum. The profit for the year before charging interest on capital amounted to N5,500.
Calculate the profit for Adamu?
N583
N1000
N1167
N1750
Correct answer is B
No explanation has been provided for this answer.
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