Neco Model Questions Vol1 2018 Commerce Question 31

Practice objective / multiple choice question 31 from the 2018 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 31 NECO_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A partnership consists of Partner A and Partner B who share profit in the ratio \(3:2\). The business makes a total profit of \(₦250{,}000\) after all expenses. Before sharing the profit, Partner A receives a fixed salary of \(₦30{,}000\). How much profit does Partner B receive?

Answer Options

A. ₦84,000
B. ₦100,000
Correct Answer C. ₦88,000
D. ₦92,000
Correct Answer
C
Correct Option:
₦88,000

About This Question

This is Neco Model Questions Vol1 2018 Commerce Question 31. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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