Use the following information to answer questions below
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The profit for the year is #150,000 and the interest on capital is 5%.
Teteh's share of profit is
a
#60,000
b
#90,000
c
#75,000
d
#50,000
Explanation
Correct Option
cVideo Explanation
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