Use the information below to answer this question.

Buhari and Osinbajo are in partnership with the following partnership agreement



Buhari Osinbajo

Capital 40, 000 70, 000

Salary 10, 000 15, 000

Interest on capital 5% 5%

Profit/loss sharing ratio 40 60


The net profit for the year ended is N80,000.

"Drawings are N80, 000 and N12, 000 for Buhari and Osinbajo respectively"
What is Osinbajo share of profit?

• A.N19, 800
• B.N49, 500
• C.N48, 000
• D.N29, 700
• E.