Waec Model Questions Vol1 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2024 Commerce Objective / Multiple Choice Medium Difficulty
Question 14 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • objective

Three partners A, B and C form a partnership. Their capital contributions are ₦120,000, ₦180,000 and ₦200,000 respectively. The profit‑sharing agreement states that each partner's share is proportional to the product of his capital contribution and a work factor: full‑time work factor = 2, part‑time work factor = 1, silent‑partner factor = 0.5. Partner A works full‑time, B works part‑time and C is a silent partner. If the partnership earns a net profit of ₦150,000, how much profit does each partner receive?

Answer Options

A. A: ₦58,065; B: ₦43,548; C: ₦48,387
Correct Answer B. A: ₦69,231; B: ₦51,923; C: ₦28,846
C. A: ₦69,231; B: ₦28,846; C: ₦51,923
D. A: ₦36,000; B: ₦54,000; C: ₦60,000
Correct Answer
B
Correct Option:
A: ₦69,231; B: ₦51,923; C: ₦28,846

About This Question

This is Waec Model Questions Vol1 2024 Commerce Question 14. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

View More Waec Model Questions Vol1 2024 Commerce Questions More Waec Model Questions Vol1 Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support