Gce Model Questions Vol1 2017 Commerce Question 17
Practice objective / multiple choice question 17 from the 2017 Gce Model Questions Vol1 Commerce examination.
In a partnership, Partner A invests \(\text{₦}10{,}000\) for 6 months, Partner B invests \(\text{₦}15{,}000\) for the whole 6‑month period, and Partner C invests \(\text{₦}12{,}000\) for 5 months (he withdraws after the 5th month). After the 6‑month period the partnership earns a total profit of \(\text{₦}21{,}000\), which is to be shared in proportion to each partner's capital multiplied by the time their capital was employed. How much profit does each partner receive?
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About This Question
This is Gce Model Questions Vol1 2017 Commerce Question 17. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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