Neco Model Questions Vol1 2019 Commerce Question 29

Practice objective / multiple choice question 29 from the 2019 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2019 Commerce Objective / Multiple Choice Medium Difficulty
Question 29 NECO_MODEL_QUESTIONS_VOL1 • 2019 • COMMERCE • objective

Three persons, A, B and C, form a partnership. A contributes ₦150,000 for 8 months, B contributes ₦120,000 for 12 months, and C contributes ₦180,000 for 6 months. At the end of the year the partnership makes a net profit of ₦96,000. The partners agree to share the profit in proportion to their capital‑time contributions. How much profit does each partner receive?

Answer Options

A. A: 32,000; B: 25,600; C: 38,400
B. A: 30,900; B: 37,100; C: 27,800
C. A: 30,968; B: 27,871; C: 37,161
Correct Answer D. A: 30,968; B: 37,161; C: 27,871
Correct Answer
D
Correct Option:
A: 30,968; B: 37,161; C: 27,871

About This Question

This is Neco Model Questions Vol1 2019 Commerce Question 29. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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