Neco Model Questions Vol1 2019 Commerce Question 16
Practice objective / multiple choice question 16 from the 2019 Neco Model Questions Vol1 Commerce examination.
A partnership of three persons A, B and C contributes capital for different periods as follows: A contributes \(\text{₦}120,000\) for 6 months, B contributes \(\text{₦}80,000\) for 9 months, and C contributes \(\text{₦}100,000\) for 12 months. At the end of one year the partnership earns a total profit of \(\text{₦}96,000\). Assuming profit is shared in proportion to the product of capital and time contributed, what amount of profit does B receive? Give your answer to the nearest naira.
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 16. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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