Neco Model Questions Vol1 2018 Commerce Question 41
Practice objective / multiple choice question 41 from the 2018 Neco Model Questions Vol1 Commerce examination.
In a partnership, A and B share profit in the ratio (3:2). Their profit shares are proportional to their capital contributions. A new partner C is admitted and the profit‑sharing ratio becomes A:B:C = (2:1:1). After C's admission the total capital of the partnership is ₦500,000. Assuming that each partner's profit share after admission is again proportional to his capital, determine C's capital contribution (in naira).
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 41. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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