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Fouad and Rami are in a partnership sharing profits in a 5:3 ratio. Net profit for the year ended 31.12.2019 was $11,000. Interest on capital

Fouad and Rami are in a partnership sharing profits in a 5:3 ratio. Net profit for the year ended 31.12.2019 was $11,000. Interest on capital was allocated as $800 to Fouad and $600 to Rami. Rami received a partnership salary of $10,000. How much was Fouad's share of profit? Select one: a. $800 O b. $ (250) c. $ 550 d. $0 x
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Fouad and Rami are in a partnership sharing profits in a 5:3 ratio. Net profit for the year ended 31,12.2019 was $11,000. Interest on capital was allocated as $800 to Fouad and $600 to Rami. Rami received a partnership salary of $10,000. How much was Fouad's share of protit? Select one: a. $800 b. $(250) c. $550 d. $0

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