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

Bubu's share of profit is

A.

N16,000

B.

N12,000

C.

N8,000

D.

N4,000

Correct answer is B

No explanation has been provided for this answer.