Neco Model Questions Vol1 2025 Commerce Question 16
Practice objective / multiple choice question 16 from the 2025 Neco Model Questions Vol1 Commerce examination.
A partnership consists of three partners A, B and C who invest capital of ₦120,000, ₦80,000 and ₦100,000 respectively for one year. The partnership earns a total profit of ₦96,000 for the year. The profit‑sharing agreement states that A receives a fixed salary of ₦12,000, B receives \(10\%\) of the profit remaining after the salary is paid, and the balance of the profit is divided among the three partners in proportion to their capital contributions. How much profit does partner C receive?
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About This Question
This is Neco Model Questions Vol1 2025 Commerce Question 16. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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