Gce Model Questions Vol1 2018 Commerce Question 21
Practice objective / multiple choice question 21 from the 2018 Gce Model Questions Vol1 Commerce examination.
Three partners A, B and C form a partnership. A invests (120{,}000) naira for the whole year. B joins after 4 months and invests (80{,}000) naira for the remaining 8 months. C invests (100{,}000) naira but withdraws after 9 months, so his capital is used for 9 months. At the end of the year the partnership makes a profit of (96{,}000) naira. Assuming profit is shared in proportion to capital multiplied by the time it is invested, what amount of profit does partner B receive? Give your answer in naira to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2018 Commerce Question 21. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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