Use the following information to answer the given questio...
Use the following information to answer the given question.
John and Johnson are in partnership, sharing profit and losses in the ratio 3 : 2. Other information are as follows:
Capital - JohnN20,000 - JohnsonN10,000Drawings - John2,000 - Johnson3,000Interest on capital5%Interest on drawings10%ProfitN6,000
What is John's share of the profit?
N5,000
N3,600
N3,000
N2,400
N2000
Correct answer is C
No explanation has been provided for this answer.
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