Waec Model Questions Vol1 2020 Commerce Question 50

Practice objective / multiple choice question 50 from the 2020 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2020 Commerce Objective / Multiple Choice Medium Difficulty
Question 50 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • COMMERCE • objective

Three partners A, B and C form a partnership. A contributes N120,000 for 6 months, B contributes N180,000 for 4 months and C contributes N150,000 for the whole 12 months. At the end of the year the partnership makes a profit of N96,000. Profits are shared in proportion to the product of capital contributed and the time (in months) each capital was employed. How much profit does each partner receive?

Answer Options

A. A: N25,600.00; B: N38,400.00; C: N32,000.00
B. A: N29,538.46; B: N29,538.46; C: N36,923.08
C. A: N19,200.00; B: N28,800.00; C: N48,000.00
Correct Answer D. A: N21,333.33; B: N21,333.33; C: N53,333.33
Correct Answer
D
Correct Option:
A: N21,333.33; B: N21,333.33; C: N53,333.33

About This Question

This is Waec Model Questions Vol1 2020 Commerce Question 50. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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