Waec Model Questions Vol1 2022 Commerce Question 45
Practice objective / multiple choice question 45 from the 2022 Waec Model Questions Vol1 Commerce examination.
Three partners A, B and C run a partnership with a profit‑sharing ratio of 3:2:1. The partnership records a net profit before distribution of ₦1,200,000. Before profit is shared, the partners must set aside a reserve equal to 10% of the gross profit and then pay a corporate tax of 15% on the profit remaining after the reserve is created. After these deductions, the remaining profit is distributed according to the agreed ratio. How much does each partner receive?
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About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 45. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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