Question on: WAEC Accounting - 2011
Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their respective capital were ₦7,000 and ₦5,000. Interest on capital was 5% and interest on drawings was 10%. The net profit was ₦30,000.Using the following information, Okoro's share of the profit is
A
₦17,070
B
₦16,070
C
₦11,380
D
₦10,000
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Correct Option: A
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