Given: Net profit b/d.....................₦10,000 Interest on capital:...M...........₦2, 000 .......................K...........₦1, 000 Partners' on salary....

Question 1 Report

Given:

Net profit b/d.....................₦10,000

Interest on capital:...M...........₦2, 000

.......................K...........₦1, 000

Partners' on salary....K...........₦800

Interest on drawings...M...........₦500

Profit sharing ratio M and K 3:2

Determine M's share of profit?

6,280

4,020

2,820

2,280

Everything you need to excel in JAMB, WAEC & NECO