Waec Model Questions Vol1 2017 Commerce Question 2

Practice objective / multiple choice question 2 from the 2017 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2017 Commerce Objective / Multiple Choice Medium Difficulty
Question 2 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

Three partners A, B and C start a partnership. Their capital contributions are ₦120,000, ₦80,000 and ₦100,000 respectively. Partner A works 40 hours per week, B works 20 hours per week and C works 10 hours per week. The profit for the year is to be shared 50% on the basis of capital contribution and 50% on the basis of time contributed. If the partnership earned a profit of ₦96,000, how much profit does each partner receive?

Answer Options

A. A: ₦48,000; B: ₦25,000; C: ₦23,000
B. A: ₦45,000; B: ₦27,000; C: ₦24,000
Correct Answer C. A: ₦46,629; B: ₦26,514; C: ₦22,857
D. A: ₦44,500; B: ₦28,500; C: ₦23,000
Correct Answer
C
Correct Option:
A: ₦46,629; B: ₦26,514; C: ₦22,857

About This Question

This is Waec Model Questions Vol1 2017 Commerce Question 2. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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