Neco Model Questions Vol1 2024 Commerce Question 5
Practice objective / multiple choice question 5 from the 2024 Neco Model Questions Vol1 Commerce examination.
Three partners A, B and C invest in a partnership. A contributes \(\text{₦}200,000\) for 6 months, B contributes \(\text{₦}150,000\) for 9 months, and C contributes \(\text{₦}250,000\) for 4 months. The partnership earns a net profit of \(\text{₦}180,000\) at the end of the year. Profits are shared in proportion to each partner's capital multiplied by the time (in months) the capital was invested. How much profit does each partner receive?
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About This Question
This is Neco Model Questions Vol1 2024 Commerce Question 5. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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