Post Utme Caleb University 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has two partners, A and B. Partner A invests ₦100,000 and earns a profit of 20%. Partner B invests ₦50,000 and earns a profit of 30%. If the total profit is ₦15,000, what is the ratio of Partner A's profit to Partner B's profit?

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:2
D. 4:3
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Caleb University 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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