Search SchoolNGR

Sunday, 05 April 2026
Register . Login

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, Osula's interest on drawings is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A ₦2,000
  • B ₦750
  • C ₦700
  • D ₦500
Correct Answer: Option D
Explanation:

Share question on: