Neco 2021 Commerce Question 16
Practice objective / multiple choice question 16 from the 2021 Neco Commerce examination.
Partner A contributed ₦120,000 for the whole year. Partner B contributed ₦90,000 for the whole year but withdrew ₦30,000 after 4 months, after which the reduced amount remained for the rest of the year. Partner C contributed ₦150,000 for the whole year. The partnership earned a total profit of ₦340,000 to be shared in proportion to the average capital each partner had during the year. What amount of profit does Partner B receive?
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About This Question
This is Neco 2021 Commerce Question 16. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Medium .
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