Post Utme Veritas University 2023 Commerce Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice

Question 33 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

A company has a profit-sharing ratio of 3:5 between its two partners. If the total profit is ₦120,000, how much will each partner receive?

Answer Options

Correct Answer A. ₦36,000 and ₦84,000

B. ₦30,000 and ₦90,000

C. ₦40,000 and ₦80,000

D. ₦50,000 and ₦70,000

Correct Answer

Correct Option:

₦36,000 and ₦84,000

About This Question

This is Post Utme Veritas University 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

View More Post Utme Veritas University 2023 Commerce Questions More Post Utme Veritas University 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