Gce Model Questions Vol1 2018 Commerce Question 46

Practice objective / multiple choice question 46 from the 2018 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2018 Commerce Objective / Multiple Choice Medium Difficulty
Question 46 GCE_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A partnership of three persons A, B and C is formed. A contributes \(120,000\) naira for 6 months, B contributes \(80,000\) naira for 9 months and C contributes \(100,000\) naira for 12 months. After one year the partnership makes a total profit of \(96,000\) naira. Before sharing the profit, A is paid a fixed salary of \(8,000\) naira. How much profit does each partner finally receive?

Answer Options

A. A: 32,000 naira; B: 32,000 naira; C: 32,000 naira
B. A: 28,000 naira; B: 28,000 naira; C: 40,000 naira
C. A: 40,000 naira; B: 24,000 naira; C: 32,000 naira
Correct Answer D. A: 32,000 naira; B: 24,000 naira; C: 40,000 naira
Correct Answer
D
Correct Option:
A: 32,000 naira; B: 24,000 naira; C: 40,000 naira

About This Question

This is Gce Model Questions Vol1 2018 Commerce Question 46. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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