Gce Model Questions Vol1 2025 Commerce Question 34

Practice objective / multiple choice question 34 from the 2025 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2025 Commerce Objective / Multiple Choice Medium Difficulty
Question 34 GCE_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

Three partners A, B and C start a partnership. Their capital contributions and weekly working hours are:\n\nA: \(\N120{,}000\) capital, 40 h/week\nB: \(\N80{,}000\) capital, 30 h/week\nC: \(\N100{,}000\) capital, 20 h/week\n\nThe profit for the year is \(\N240{,}000\). The partnership agreement states that profit is shared in proportion to the product of capital contributed and the total number of weeks each partner works (assume 52 weeks in a year). Determine each partner's share of the profit (in \(\N\)).

Answer Options

A. A: ₦106,666.67; B: ₦80,000.00; C: ₦53,333.33
B. A: ₦125,200; B: ₦62,600; C: ₦52,200
Correct Answer C. A: ₦125,217.39; B: ₦62,608.70; C: ₦52,173.91
D. A: ₦96,000; B: ₦64,000; C: ₦80,000
Correct Answer
C
Correct Option:
A: ₦125,217.39; B: ₦62,608.70; C: ₦52,173.91

About This Question

This is Gce Model Questions Vol1 2025 Commerce Question 34. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

View More Gce Model Questions Vol1 2025 Commerce Questions More Gce Model Questions Vol1 Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support