Neco Model Questions Vol1 2025 Commerce Question 32

Practice objective / multiple choice question 32 from the 2025 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2025 Commerce Objective / Multiple Choice Medium Difficulty
Question 32 NECO_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

Three partners A, B and C invest capital in a business for different periods. A invests N500,000 for 6 months, B invests N300,000 for 9 months, and C invests N200,000 for 12 months. The business earns a profit of N540,000 for the year, which is to be shared in proportion to the product of each partner's capital and the time (in months) the capital was invested. Determine the amount of profit each partner receives.

Answer Options

Correct Answer A. A: 200000, B: 180000, C: 160000
B. A: 200000, B: 170000, C: 170000
C. A: 190000, B: 190000, C: 160000
D. A: 210000, B: 170000, C: 160000
Correct Answer
A
Correct Option:
A: 200000, B: 180000, C: 160000

About This Question

This is Neco Model Questions Vol1 2025 Commerce Question 32. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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