Neco 2020 Commerce Question 17

Practice objective / multiple choice question 17 from the 2020 Neco Commerce examination.

Neco 2020 Commerce Objective / Multiple Choice Medium Difficulty
Question 17 NECO • 2020 • COMMERCE • objective

Three partners A, B and C invest capital in a business for different periods. A invests \(120,000\) naira for 6 months, B invests \(80,000\) naira for 9 months, and C invests \(100,000\) naira for 12 months. At the end of one year the business makes a profit of \(96,000\) naira. How much profit does partner B receive?

Answer Options

A. 28800
B. 30000
Correct Answer C. 26182
D. 24000
Correct Answer
C
Correct Option:
26182

About This Question

This is Neco 2020 Commerce Question 17. It is one of the objective questions from the 2020 Neco Commerce examination.

Difficulty level: Medium .

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