Neco Model Questions Vol1 2020 Commerce Question 48
Practice objective / multiple choice question 48 from the 2020 Neco Model Questions Vol1 Commerce examination.
Three partners, A, B and C, invest in a business as follows:\n\n- A: \(\text{₦}50{,}000\) for 6 months\n- B: \(\text{₦}30{,}000\) for 9 months\n- C: \(\text{₦}20{,}000\) for 12 months\n\nAt the end of the year the business makes a profit of \(\text{₦}84{,}000\). Assuming profit is shared in proportion to the product of capital and time (capital‑months), determine the amount of profit each partner receives.
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 48. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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