Waec Model Questions Vol1 2018 Commerce Question 36
Practice objective / multiple choice question 36 from the 2018 Waec Model Questions Vol1 Commerce examination.
Three partners A, B and C start a partnership. Their capital contributions are N200,000, N150,000 and N100,000 respectively. The partnership agreement states that before profit is shared, each partner receives a bonus equal to 5% of his/her capital contribution, which is added to the capital for the purpose of profit sharing. If the total profit for the year is N120,000, how much profit does Partner A receive?
Answer Options
About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 36. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.