Neco 2021 Islamic Religious Studies Question 46
Practice objective / multiple choice question 46 from the 2021 Neco Islamic Religious Studies examination.
An entrepreneur forms a mudarabah partnership with two investors, A and B. The total capital is 1,200,000 Naira, with A contributing 40 % and B contributing 60 %. After one year the partnership earns a profit of 240,000 Naira. According to the agreement, profit up to \(15\%\) of the total capital is shared in proportion to the capital contributions; any profit exceeding this threshold is distributed equally between the two investors. What amount of profit does investor B receive? Express your answer in Naira.
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About This Question
This is Neco 2021 Islamic Religious Studies Question 46. It is one of the objective questions from the 2021 Neco Islamic Religious Studies examination.
Difficulty level: Hard .
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