Gce Model Questions Vol1 2022 Commerce Question 9
Practice objective / multiple choice question 9 from the 2022 Gce Model Questions Vol1 Commerce examination.
Three partners A, B and C start a partnership with capital contributions of ₦120,000, ₦80,000 and ₦100,000 respectively. The partnership agreement states that each partner receives \(5\%\) interest on his/her capital for the year, and the remaining profit of ₦84,000 is then shared in proportion to the capital contributions. How much profit does each partner receive after the interest has been paid?
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 9. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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