Neco Model Questions Vol1 2024 Commerce Question 12
Practice objective / multiple choice question 12 from the 2024 Neco Model Questions Vol1 Commerce examination.
Partners A, B and C invest in a business as follows: A invests \(\text{₦}20,000\) for 6 months but withdraws \(\text{₦}5,000\) after 3 months; B invests \(\text{₦}30,000\) for 4 months; C invests \(\text{₦}25,000\) for 5 months. After the period the business makes a total profit of \(\text{₦}12,000\). Profits are shared in proportion to each partner's capital‑time contribution. How much profit does partner A receive?
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 12. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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