Waec Model Questions Vol1 2023 Commerce Question 32

Practice objective / multiple choice question 32 from the 2023 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2023 Commerce Objective / Multiple Choice Medium Difficulty
Question 32 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

Three partners A, B and C invest capital in a partnership for a year. A invests ₦50,000 for 6 months, B invests ₦30,000 for 9 months and C invests ₦20,000 for 12 months. The partnership makes a total profit of ₦120,000 for the year. Before profit is shared, B receives a fixed salary of ₦10,000. Determine the amount each partner finally receives.

Answer Options

A. A: ₦41,000; B: ₦45,500; C: ₦33,500
Correct Answer B. A: ₦40,741; B: ₦46,667; C: ₦32,592
C. A: ₦39,800; B: ₦47,200; C: ₦33,000
D. A: ₦40,500; B: ₦46,000; C: ₦33,500
Correct Answer
B
Correct Option:
A: ₦40,741; B: ₦46,667; C: ₦32,592

About This Question

This is Waec Model Questions Vol1 2023 Commerce Question 32. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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