debbyrise8 debbyrise8

13-03-2024
Business

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The partnership agreement between Ossai and Adeola calls for salaries of N5,000,000 and N6,000,000 respectively. Profit or loss is shared in the ratio 3:1 respectively.
If Ossai receives N10,000,000 in one year, what is the partnership's profit for that year?
A. N17,500,000
B. N17,666,667
C. N16,666,667
D. N6,666,667

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