A construction company is owned by two partners X and Y and it is agreed...

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A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y received N5,000 more than X. What is the total profit of the company for the year?

A. N20, 000
B. N25,000
C. N30,000
D. N15,000
E. N45, 000

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Correct Answer: Option E

Explanation

Total sharing ratio is 9

X has 4, Y has 4 + 1

If 1 is N5000

Total profit = 5000 x 9

= N45,000

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A construction company is owned by two partners X and Y and it is agreed...

Correct Answer: Option E

Explanation

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