Halidu and Hamed are business partners with N30,000 and N20,000 capital respectively. At the end...
FINANCIAL
JAMB 1995
Halidu and Hamed are business partners with N30,000 and N20,000 capital respectively. At the end of the financial year, a profit of N12,000, which included Halidu's salary of N3,000 was made. Halidu's share of the profit is
- A. N7,500
- B. N6,000
- C. N5,400
- D. N4,500
Correct Answer: C. N5,400
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