Waec Model Questions Vol1 2021 Commerce Question 5
Practice objective / multiple choice question 5 from the 2021 Waec Model Questions Vol1 Commerce examination.
Three partners A, B and C form a partnership. Their capital contributions are ₦120,000, ₦180,000 and ₦200,000 respectively. Partner A works full‑time for 48 weeks, B works part‑time for 44 weeks and C works part‑time for 40 weeks during the year. Profits are to be shared in proportion to the product of each partner's capital contribution and the number of weeks he/she is actively involved. The partnership earned a net profit of ₦540,000 for the year. How much profit does partner B receive?
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 5. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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