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


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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

Options

A) 7000

B) 4921

C) 3000

D) 991.8

The correct answer is D.


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