Waec Model Questions Vol1 2025 Commerce Question 15

Practice objective / multiple choice question 15 from the 2025 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2025 Commerce Objective / Multiple Choice Medium Difficulty
Question 15 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

Three partners A, B and C start a partnership with capital contributions of ₦120,000, ₦180,000 and ₦200,000 respectively. The partnership agreement states that profit will be shared in proportion to capital contributions after first paying a 5% interest on each partner's capital for the year. At the end of the year the partnership earned a net profit of ₦150,000 before interest. How much profit does each partner receive after interest is paid?

Answer Options

Correct Answer A. A: ₦30,000; B: ₦45,000; C: ₦50,000
B. A: ₦41,667; B: ₦41,667; C: ₦41,667
C. A: ₦34,200; B: ₦51,300; C: ₦57,000
D. A: ₦36,000; B: ₦54,000; C: ₦60,000
Correct Answer
A
Correct Option:
A: ₦30,000; B: ₦45,000; C: ₦50,000

About This Question

This is Waec Model Questions Vol1 2025 Commerce Question 15. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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