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

The correct answer is B. #48,000

No explanation given
Previous question Next question