Waec Model Questions Vol1 2022 Commerce Question 9

Practice objective / multiple choice question 9 from the 2022 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2022 Commerce Objective / Multiple Choice Medium Difficulty

Question 9 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

Three partners, A, B and C, invest capital in a business for different periods. A invests ₦50,000 for 6 months, B invests ₦30,000 for 9 months, and C invests ₦20,000 for 12 months. At the end of the year the business makes a profit of ₦84,000. Assuming profit is shared in proportion to the product of capital and time (capital‑months), how much profit does each partner receive?

Answer Options

A. A:42,000; B:25,200; C:16,800

B. A:31,000; B:28,000; C:25,000

Correct Answer C. A:31,111; B:28,000; C:24,889

D. A:18,667; B:28,000; C:37,333

Correct Answer

Correct Option:

A:31,111; B:28,000; C:24,889

About This Question

This is Waec Model Questions Vol1 2022 Commerce Question 9. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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