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Ata, Bubu and Chikum were in partnership sharing profits ...

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

             Capital     Drawings
Ata       40,000       8,000
Bubu    30,000      5000
Chikum 20,000        -
Net profit for the year was 40,500 and the interest on capital was 5% per annum.

The profit available for sharing by the partners is 

A.

N90,000

B.

N40,500

C.

N36,000

D.

N27,500

Correct answer is C

No explanation has been provided for this answer.