Gce Model Questions Vol1 2022 Commerce Question 13
Practice objective / multiple choice question 13 from the 2022 Gce Model Questions Vol1 Commerce examination.
Two partners, A and B, form a partnership. Partner A contributes \(50{,}000\) ₦ for the first 6 months of the year and then adds an additional \(30{,}000\) ₦, so that for the remaining 6 months A's capital is \(80{,}000\) ₦. Partner B contributes \(40{,}000\) ₦ for the entire 12 months. At year‑end the partnership makes a profit of \(84{,}000\) ₦, which is to be shared in proportion to each partner's capital‑months (capital amount multiplied by the number of months it was invested). How much profit does each partner receive?
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 13. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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