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Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 ...

Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their respective capital were ₦7,000 and ₦5,000. Interest on capital was 5% and interest on drawings was 10%. The net profit was ₦30,000.Using the following information, Okoro's share of the profit is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A ₦17,070
  • B ₦16,070
  • C ₦11,380
  • D ₦10,000
Correct Answer: Option A
Explanation:

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