Neco 2020 Commerce Question 23
Practice objective / multiple choice question 23 from the 2020 Neco Commerce examination.
Three partners A, B and C invest capital of \(\mathrm{₦}120{,}000\), \(\mathrm{₦}80{,}000\) and \(\mathrm{₦}100{,}000\) respectively. Profit is shared in proportion to each partner's capital plus a 10\% interest on that capital, and also in proportion to the number of hours each works per week: A works 30 hrs, B works 20 hrs and C works 25 hrs. If the total profit for the year is \(\mathrm{₦}96{,}000\), how much profit does partner B receive?
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About This Question
This is Neco 2020 Commerce Question 23. It is one of the objective questions from the 2020 Neco Commerce examination.
Difficulty level: Medium .
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