The profit available for sharing by the partners is

Use the following information to answer the question below

Ata. Bubu and Chikum were in partnership sharing profits and losses in proportion to their capital contributions:

Net profit for the year was 40,500 and the interest on capital was 5% per annum.

A. N90,000
B. N40,500
C. N36,000
D. N27,500

Correct Answer:

Option C = N36,000