Waec Model Questions Vol1 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2023 Commerce Objective / Multiple Choice Medium Difficulty
Question 5 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

Three partners A, B and C share the profit of their partnership in the ratio 3 : 2 : 1. If the total profit for the year is ₦800,000 and the profit exceeds ₦500,000, partner A receives an additional 5 % of the total profit and partner B receives an additional 3 % of the total profit. Determine the amount each partner receives.

Answer Options

A. A: ₦415,000; B: ₦275,666.67; C: ₦109,333.33
Correct Answer B. A: ₦408,000; B: ₦269,333.33; C: ₦122,666.67
C. A: ₦400,000; B: ₦266,666.67; C: ₦133,333.33
D. A: ₦420,000; B: ₦274,666.67; C: ₦105,333.33
Correct Answer
B
Correct Option:
A: ₦408,000; B: ₦269,333.33; C: ₦122,666.67

About This Question

This is Waec Model Questions Vol1 2023 Commerce Question 5. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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