Neco Model Questions Vol1 2022 Commerce Question 23
Practice objective / multiple choice question 23 from the 2022 Neco Model Questions Vol1 Commerce examination.
Three partners A, B and C invest ₦200,000, ₦300,000 and ₦500,000 respectively in a business for one year. The partnership agreement provides interest on capital at 10 % per annum, and the remaining profit is shared in the ratio of their capital contributions. If the net profit after paying the interest is ₦180,000, how much does each partner receive in total (interest plus profit share)?
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About This Question
This is Neco Model Questions Vol1 2022 Commerce Question 23. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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