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 is Interest on drawings and capital is allowed 5% respectively and profit for the year amounted to ₦4,950
A. 7000
B. 4921
C. 3000
D. 991.8
Correct Answer: Option D
D. 991.8
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