Waec Model Questions Vol1 2020 Commerce Question 16
Practice objective / multiple choice question 16 from the 2020 Waec Model Questions Vol1 Commerce examination.
Three partners A, B and C form a partnership. Their capital contributions are ₦120,000, ₦80,000 and ₦100,000 respectively. They also work different numbers of hours in the business: A works 150 hours, B works 90 hours and C works 60 hours. The profit‑sharing agreement states that profit is divided 60 % on the basis of capital contribution and 40 % on the basis of labour contribution. If the total profit for the year is ₦96,000, how much profit does partner B receive?
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 16. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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