The partners capital are: Modibbo #60,000
and Jakata #90,000. The partners share
profit and losses in the ratio of their capital
contributions.
The net profit for the year is #12,000.
Find Modibbo's share of the profit
A.
#62,000
B.
#48,000
C.
#44,000
D.
#43,000
Correct Answer: Option B
Explanation
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