Neco 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Neco Commerce examination.

Neco 2017 Commerce Objective / Multiple Choice Medium Difficulty
Question 38 NECO • 2017 • COMMERCE • objective

In a partnership, the three partners contribute capital for different periods:\n- A: ₦20,000 for 6 months\n- B: ₦15,000 for 9 months\n- C: ₦10,000 for 12 months\nThe partnership earns a total profit of ₦84,000 before any distribution. Partner B is also paid a fixed salary of ₦8,000 before profit sharing. Allocate the remaining profit among the partners according to their capital‑time contributions and state each partner's final share.

Answer Options

A. A: ₦33,778; B: ₦33,333; C: ₦16,889
Correct Answer B. A: ₦24,320; B: ₦35,360; C: ₦24,320
C. A: ₦26,880; B: ₦30,240; C: ₦26,880
D. A: ₦26,880; B: ₦38,240; C: ₦26,880
Correct Answer
B
Correct Option:
A: ₦24,320; B: ₦35,360; C: ₦24,320

About This Question

This is Neco 2017 Commerce Question 38. It is one of the objective questions from the 2017 Neco Commerce examination.

Difficulty level: Medium .

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