Search SchoolNGR

Tuesday, 07 April 2026
Register . Login

Use the information below to answer this question. Ojo, Sam and Ade are in partnership ...

Use the information below to answer this question.
Ojo, Sam and Ade are in partnership sharing profit in the ratio 4 : 3 : 1 respectively.
Extract from their books for the year ended are
Interest on drawings and capital is allowed 5% respectively and profit for the year amounted to ₦4,950


Sam's share of profit is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A 7000
  • B 4921
  • C 3000
  • D 991.8
Correct Answer: Option D
Explanation:

Share question on: