The partners capital are: Modibbo #60,000 and Jakata #90,000. The partners share profit and losses...

JAMB 2012

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.

What is Jakata's sharing profit?

A. 3:5
B. 1:2
C. 2:5
D. 1:5

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Correct Answer: Option D

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