Neco Model Questions Vol1 2023 Commerce Question 21
Practice objective / multiple choice question 21 from the 2023 Neco Model Questions Vol1 Commerce examination.
A partnership of three partners A, B and C initially share profit in the ratio 3:2:1 and contributed capital of N \(30,000\), N \(20,000\) and N \(10,000\) respectively. After two years, A withdraws N \(5,000\) from his capital and the profit‑sharing ratio is revised to be proportional to the partners' remaining capital contributions. In the third year the total profit is N \(48,000\). What amount does partner B receive as his share of profit in the third year?
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About This Question
This is Neco Model Questions Vol1 2023 Commerce Question 21. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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