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

Mathematics
JAMB 1983
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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