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Umar and Ahemed share profit and losses equally and have capital balances of ₦...


Question

Umar and Ahemed share profit and losses equally and have capital balances of ₦40,000 and ₦60,000 respectively. If bdullahi purchases one-third interest with no bonus, how much will he have to contribute to the partnership?

Options

A)
₦33,333
B)
₦40,000
C)
₦44,444
D)
₦50,000

The correct answer is A.


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