Gce Model Questions Vol1 2021 Commerce Question 42
Practice objective / multiple choice question 42 from the 2021 Gce Model Questions Vol1 Commerce examination.
Three partners A, B and C start a partnership with capital contributions of ₦120,000, ₦180,000 and ₦200,000 respectively. The partnership agreement states that each partner is to receive interest on his capital at \(5\%\) per annum, and the remaining profit is to be shared in the ratio of the partners' capital contributions. If the partnership makes a net profit of ₦150,000 before interest, how much profit does partner B receive?
Answer Options
About This Question
This is Gce Model Questions Vol1 2021 Commerce Question 42. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.