What is A’s share of profit?
A. N76,000
B. N76,200
C. N76,267
D. N76,300
E. N80,000

C. N76,267

Explanation: A’s share of profit is calculated based on the total amount of profit left for distribution, which is N114,400. A’s share of profit is two-thirds of this amount, which is approximately N76,267. This is determined by applying A’s profit-sharing ratio to the distributable profit amount after interest on capital and other adjustments.