Use the following information to answer the given question.
| Net profit for the year | N75.000 |
| Ordinary share capital of 50 kobo each | N65,000 |
| 10% Preference shares of 50 kobo each | N100,000 |
A. N75,000
B. N65,000
C. N55,000
D. N52,500
Correct Answer: Option B
B. N65,000
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