Ogah’s share of profit was?

Use the following information to answer the question below

Ajem and Ogah were in partnership sharing profits and losses in the ratio 2:3. Interest on capital and drawings were 5% and 3% respectively. The following details relate to the partnership for the year 2017.

	Ogah	Ajem
Capital Account	60,000	65,000
Current Account	40,000	50,000
Drawings	20,000	30,000
Salary	10,000	–

Net profit was 100,000

A. 51,150
B. 50,250
C. 34,100
D. 33,500

Correct Answer:

Option A = 51,150