Neco 2025 Commerce Question 8

Practice objective / multiple choice question 8 from the 2025 Neco Commerce examination.

Neco 2025 Commerce Objective / Multiple Choice Medium Difficulty
Question 8 NECO • 2025 • COMMERCE • objective

Three partners A, B and C form a partnership. Partner A contributes \(\text{₦}120,000\) for the whole 12 months of the year, partner B contributes \(\text{₦}80,000\) for 9 months, and partner C contributes \(\text{₦}100,000\) for 6 months. The net profit after tax for the year is \(\text{₦}360,000\). Profits are to be divided in proportion to the product of capital contributed and the time (in months) that the capital was invested. Determine the amount of profit each partner receives. Give your answers to two decimal places.

Answer Options

A. A: 187800.00; B: 93900.00; C: 78200.00
Correct Answer B. A: 187826.09; B: 93913.04; C: 78260.87
C. A: 144000.00; B: 96000.00; C: 120000.00
D. A: 160000.00; B: 120000.00; C: 80000.00
Correct Answer
B
Correct Option:
A: 187826.09; B: 93913.04; C: 78260.87

About This Question

This is Neco 2025 Commerce Question 8. It is one of the objective questions from the 2025 Neco Commerce examination.

Difficulty level: Medium .

View More Neco 2025 Commerce Questions More Neco Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support