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  4. A B & C contributed #8000, #6000, #4000 respectively as capital to an enterprise. Out...

A B & C contributed #8000, #6000, #4000 respectively as capital to an enterprise. Out...

A B & C contributed #8000, #6000, #4000 respectively as capital to an enterprise. Out of the total profit, C received #500 for his services as manager. Each of them received 20% on their first #3000 of His capital & the remaining profit was shared in the ratio of the remaining parts of their capitals. If at the end of the year C received #1200 in total, find the total profit and amounts which A and B respectively received?
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Asked by Chelsea on 6th April, 2019
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995