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JAMB Mathematics 1983 Question 2

Question 2

Commercial Arithmetic

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 ₦5,000 more than X. What is the total profit of the company for the year?

  1. A.₦20,000
  2. B.₦25,000
  3. C.₦30,000
  4. D.₦15,000
  5. E.₦45,000.
Show the answer and explanation

Answer: E (₦45,000.)

Explanation

Y gets 1 part more than X, so 1 part = ₦5,000. The total is 4 + 5 = 9 parts = ₦45,000.