Neco Model Questions Vol1 2019 Commerce Question 44
Practice objective / multiple choice question 44 from the 2019 Neco Model Questions Vol1 Commerce examination.
Three partners A, B and C start a partnership. Their capital contributions are \(\text{₦}120,000\), \(\text{₦}80,000\) and \(\text{₦}100,000\) respectively. During a 12‑week project, A works full‑time (40 hrs/week), B works part‑time (20 hrs/week) and C works part‑time (30 hrs/week). The profit is to be divided in proportion to the product of each partner's capital and the total number of hours they work during the project. If the total profit after tax is \(\text{₦}96,000\), how much does partner B receive (rounded to two decimal places)?
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 44. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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