Neco 2017 Commerce Question 46
Practice objective / multiple choice question 46 from the 2017 Neco Commerce examination.
Three partners A, B and C start a partnership. Their capital contributions and the period (in months) each capital is employed are: A - N200,000 for 6 months, B - N150,000 for 8 months, C - N100,000 for 10 months. They agree to share profit in proportion to capital ( \times \) time, but A also receives a fixed monthly salary of N5,000 for his management work. At the end of the year the net profit after expenses is N180,000. Determine C's share of the profit (in Naira, rounded to the nearest kobo).
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About This Question
This is Neco 2017 Commerce Question 46. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Medium .
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