\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline...
Use the following information to answer the question below
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hline Drawings & 10,000 & 15,000 \end{array}\)
Interest on drawing is 5%; profit is shared equally.
Ade's share of profit is
N5,500
N4,250
N2,750
N1,250
Correct answer is C
No explanation has been provided for this answer.
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