Use the following information to answer the question given.

\(\begin{array}{c|c} Capital & Le\\ Aye & 20,000\\ Bee & 30,000\\ Drawings & \\ Aye & 8,000 \\ Bee & 2,000 \\ \text{Profit for the year} & 2,000\\ \{text{Interest on capital-6%} & \\ \text{Interest on drawings - 10%} & \end{array}\)

Profit sharing is in the ratio of capital. Bee's share of profit is

  • A Le 8,000
  • B Le 6,000
  • C Le 4,800
  • D Le 3,200

The correct answer is C. Le 4,800

No explanation given
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