Use the following information to answer the question below \(\begin{array}{c|c} & Ade(N) & Bola(N) \\...

WAEC 2015

Use the following information to answer the question below

\(\begin{array}{c|c}
& Ade(N) & Bola(N) \\
\hline
Capital & 40,000 & 30,000 \\
\hline
Drawings & 10,000 & 15,000
\end{array}\)
Interest on drawing is 5%; profit is shared equally.

Ade's share of profit is

A. N5,500
B. N4,250
C. N2,750
D. N1,250

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Correct Answer: Option C

Explanation

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