Waec Model Questions Vol1 2018 Commerce Question 44

Practice objective / multiple choice question 44 from the 2018 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2018 Commerce Objective / Multiple Choice Medium Difficulty
Question 44 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

Three partners A, B and C start a partnership with capital contributions of ₦500,000, ₦300,000 and ₦200,000 respectively. The partnership agreement states that profit will be shared in proportion to capital contributions after first paying interest on each partner's capital at 8% per annum. At the end of the year, the partnership earned a net profit of ₦240,000 before interest. Determine the amount of profit each partner receives.

Answer Options

A. A:110000, B:75000, C:55000
B. A:130000, B:70000, C:40000
Correct Answer C. A:120000, B:72000, C:48000
D. A:100000, B:80000, C:60000
Correct Answer
C
Correct Option:
A:120000, B:72000, C:48000

About This Question

This is Waec Model Questions Vol1 2018 Commerce Question 44. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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